U.K. Budget is Likely To Be Key Focus For Sterling Rather Than BOE -- Market Talk
Dow Jones
Mar 17, 2025
1344 GMT - Sterling's performance this week is more likely to be driven by headlines regarding the upcoming U.K. budget as opposed to the Bank of England's policy decision Thursday, Monex Europe analysts say in a note. Weekend reports suggest U.K. Treasury chief Rachel Reeves could drop plans to freeze disability benefits after receiving a backlash from Labour MPs. This is "in line with our base case for Reeves to underwhelm," the analysts say. That could weigh on sterling as the week progresses with the state of the U.K.'s public finances at the front of mind for traders, they say. Reeves will unveil her spending plans on March 26. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
March 17, 2025 09:44 ET (13:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.