budget
Sort by:
- Newest
- Popular
GBP/USD, GBP/JPY forecast: Forward returns around the UK Budget
The UK spring budget is set to be released tomorrow. And if GBP/USD follows its general pattern around this budget, it could be in for a tough few days - starting from today.
World Governments Respond to Coronavirus
In addition to using monetary policy to stem the economic fallout, many countries have announced fiscal stimulus plans.
Buying Momentum Falters, Shutdown and Consumer Confidence to Move Dollar
Buying Momentum Falters Asian markets pushed higher overnight, with the exception of the Shanghai Index, which was nursing losses following dismal Chinese industrial profits. Europe also started in the black, although European bourses were back in the red by midway through the European session.
Why trade with FOREX.com?
UK Budget 2018: Austerity “coming to an end” fails to lift GBP/USD
The UK Chancellor Phillip Hammond has delivered the UK’s budget today. Although he declared that the era of austerity is "finally coming to an end," sterling bulls were not impressed. The EUR/GBP hit its highest level since early October near 0.8900, while the GBP/USD hit a fresh session low beneath 1.2800 after the Chancellor had finished his speech.
Pound in focus as Osborne prepares to deliver budget
It is going to be a big day for the UK assets with the budget due for release shortly and after this morning’s slightly stronger than expected jobs and wages data. Although Chancellor George Osborne is expected to announce few surprises at this budget, certain stocks and/or sectors will be impacted in one way or the other. The pound is also likely to turn volatile should Mr Osborne deliver a surprisingly cautious or surprisingly optimistic economic policy updates. But according to the latest ONS data, the UK economy is not doing too badly for the number of people claiming unemployment-related benefits has dropped to the lowest level since April 1975. Added to this, wages are continuing to grow, with earnings including bonuses rising by an above-forecast 2.1% year-over-year in the three months to January, compared to 1.9% previously. It could also be that Brexit risks are overstated, although as my colleague Matt Weller highlighted yesterday, a Telegraph’s poll suggests that there is a clear enthusiasm gap in favour of leaving the EU. But today, traders are likely to put Brexit fears on the backburner and instead concentrate on the budget and then the FOMC statement/press conference later in the day.
Risk-free trading with virtual funds
