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The UK budget raises taxes and doubles fiscal headroom, boosting GBPUSD near October highs. Investors remain cautious due to backloaded tax hikes and growth risks, but some favor gilts and sterling i…
The UK budget raises taxes and fiscal headroom, supporting gilt demand and a stronger pound, but risks remain due to backloaded tax hikes and uncertain economic growth outlook.
British inflation held steady below expectations, prompting markets to price in likely Bank of England rate cuts this year, weakening GBPUSD amid easing bets and fiscal concerns ahead of the upcoming…