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Pound Sterling Risks Rise Ahead Of The UK Budget
The USD leads the G7 currency performance table this week. Sterling has been steady but risks are rising into next week. The UK budget will be closely watched, especially since Chancellor Reeves has paved the way for more borrowing, Currencies have had a mixed week as local drivers have been more important than global macro. The US dollar has once again been the best performer in the G7 as solid data and expectations of a Trump election win have provided a tailwind. Perhaps surprisingly given the dovish backdrop, the euro sits in second place in the performance table. This is more a function of the large drop ... (full story)