FX Guys

UK Budget: Growth and Trade Fears Curb Pound Forecast Outlook

March 27, 2025 – Written by Tim Boyer

Underlying reservations over the UK growth outlook curbed Pound confidence in global markets. Trade fears and wider uncertainty surrounding the international outlook also remained a key element ahead of the April 2nd US Administration announcement on tariffs.

The overall budget impact was limited with some relief in the bond market as the 2025/26 gilt issuance forecast was lowered slightly. The UK 10-year…
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