GBP: All eyes on the UK Budget - Investec

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at Investec, suggests that the UK Chancellor Osborne will unveil his 2016 annual budget in parliament this afternoon.

    Key Quotes

    “Although it is likely the Chancellor will step away from the much touted Pension reforms the press have been speculating on, there is an opportunity to implement some more unexpected reforms, particularly on tax. With low petrol prices the Chancellor may look to raise taxes in areas such as this, and the continued squeeze on Welfare payments will also be under scrutiny. From a currency perspective, if the chancellor is less downbeat than expected, we could see some support for the pound and GBP exchange rates improve.”
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