UK Spring Budget Statement, Bailey, Powell & US Open

UK cuts growth forecast sharply, with the spring budget based on projections of 3.8% growth, rather than the 6% expected previously. UK Finance Minister Rishi Sunak announced this along with…

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GBP has been the biggest decliner

Cable dropped back to the low 1.2700s after rallying to a 3-day high at 1.2806. EURGBP concurrently lifted as Cable dipped, though the cross remains net lower on the day….

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