Despite warnings from the UK’s Office for Budget Responsibility, the Prime Minister (PM) Boris Johnson pledged an additional £1.8bn for the National Health Service (NHS), as reported by the Sky News.
The news report also quoted the PM while saying that the funding is due to Britain's "strong economic performance".
The money will mean roughly £3.5m per week this year and will be added to Theresa May's promised £33.9bn annual increase by 2023/24, the new piece mentions.
FX implications
While the GBP/USD pair is already bearing the burden of increased odds for a no-deal Brexit, such news/updates can weigh additional downside pressure on the cable.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks

AUD/USD ticks higher as positive risk tone caps the safe-haven USD
AUD/USD attracts some dip-buying during the Asian session on Tuesday. The initial reaction to Trump's tariff threats turned out to be short-lived amid hopes for trade deals before the August 1 deadline. This leads to a slight improvement in the risk sentiment, which keeps a lid on the recent US Dollar rally to a three-week high and benefits the Aussie.

USD/JPY refreshes multi-week top, eyes 148.00 or June swing high
USD/JPY climbs to the 148.00 neighborhood, during the Asian session amid expectations that the Bank of Japan will forgo raising interest rates in 2025 in anticipation of the economic fallout from higher US tariffs. Hopes that a global trade war would be averted trigger a modest recovery in the risk sentiment and undermine the Japanese Yen.

Gold price traders seem non-committed ahead of US CPI report
Gold price stalls the previous day's late pullback from a nearly three-week high and holds steady above the $3,340 level during the Asian session on Tuesday amid a modest US Dollar downtick. However, a turnaround in the global risk sentiment, bolstered by Trump's willingness to engage in further negotiations, acts as a headwind for the XAU/USD.

Ethereum: Investors eye $3,400 following record inflows and BitMine's $500 million ETH acquisition
Ethereum trades near $3,000 on Monday following BitMine's disclosure of over 163,000 ETH holdings. The company's purchase comes as investors have piled in over $990 million into record-breaking inflows into ETH exchange-traded funds.

Five fundamentals for the week: Investors eye tariff circus and US inflation data Premium
Which country will be the next to receive a letter from America? US President Donald Trump has been extending his tariff threats through the weekend. Has the US economy felt the consequences of levies already imposed? These are the topics for another hot summer month.

Best Brokers for EUR/USD Trading
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.