GBP IS THE SAFER BET TO RALLY AGAINST USD WEAKNESS
European FX - including GBP - is best placed to rally against USD.
GBP should find support with rising prospects that Britain may soon start to see the beginning of the end of austerity, as the Chancellor of the Exchequer prepares to announce the smallest deficit in a decade during his Spring Statement on Tuesday. Philip Hammond is expected to announce plans to consult on loosening the public purse strings, with some decisions made by the Autumn Statement, and a public spending review in 2019 for the period after 2020.
GBP should find support with rising prospects that Britain may soon start to see the beginning of the end of austerity, as the Chancellor of the Exchequer prepares to announce the smallest deficit in a decade during his Spring Statement on Tuesday. Philip Hammond is expected to announce plans to consult on loosening the public purse strings, with some decisions made by the Autumn Statement, and a public spending review in 2019 for the period after 2020.