UK Autumn Statement unlikely to move the GBP – Danske Bank
|Economists at Danske Bank expect the British Pound to shrug off the UK Autumn Statement due out on November, 17.
Global investment environment to weigh on GBP
“Going forward, we increasingly expect the global investment environment to weigh on GBP as we expect domestic political themes to take a back seat. This is a result of newly elected PM Rishi Sunak increasingly being focused on ensuring fiscal prudence.”
“While we expect the Autumn Statement next week to deliver further clarity on closing the fiscal gap, we broadly expect a muted reaction in GBP.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.