Consumers "Despondent" Ahead of Budget
- Category: GBP
Consumer confidence fell one point this month to -21, according to the country's leading barometer of sentiment.
The British Pound looks to be benefiting from reports that Chancellor Rachel Reeves is going to change the fiscal rules to allow her to borrow more.
The British Pound trades higher against the Euro and Dollar after the head of the Bank of England was hesitant to greenlight a faster pace of interest rate cuts.
The British Pound could benefit over the coming months from an expansionary budget.