Jin10 data reported on March 24, analysts from ING Groep Francesco Pesole stated in a report that if the budget announced by the UK on Wednesday disappoints the market, the British pound faces a risk of fall. He pointed out that the expected spending cuts should be sufficient to meet the UK's fiscal rules. However, in the case where "fiscal maneuvering space is extremely limited", any misstep leading to a negative reaction in UK bonds, or a significant drop in expectations for UK economic rise, could impact the British pound.
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International Netherlands: The budget proposal becomes the "fate trigger" for the pound; mistakes will lead to a fall in the pound.
Jin10 data reported on March 24, analysts from ING Groep Francesco Pesole stated in a report that if the budget announced by the UK on Wednesday disappoints the market, the British pound faces a risk of fall. He pointed out that the expected spending cuts should be sufficient to meet the UK's fiscal rules. However, in the case where "fiscal maneuvering space is extremely limited", any misstep leading to a negative reaction in UK bonds, or a significant drop in expectations for UK economic rise, could impact the British pound.