FOREX: FX Market Analysis: GBP in Focus Ahead of Spring Statement
Mar-25 12:02
Sterling has maintained a constructive tone in recent weeks, assisted by the UK’s relatively insulated position to US tariff implementation and weakness for the dollar propelling cable to reach levels above 1.30, the highest print since the US election on Nov 06.
Cable remains a touch firmer this week around 1.2950, ahead of the plethora of short-term risk events for the UK. Standing out here are the Spring Statement and UK inflation data which are due on Wednesday.
In the attached report, we provide some of the latest analyst views on GBP, as well as a full technical update for a number of GBP crosses.