The UK will receive a long-awaited Budget next week after the longest period between Budgets since at least 1900. Meanwhile, EU-UK negotiations began this week without hostility. The cable is ready to rebound in the opinion of analysts at Westpac Institutional Bank. Key quotes “Last month’s shuffling of Chancellors and floating of balloons about tax-raising initiatives suggested that Govt. might limit the risk of a blowout in the budget deficit (finally back below -2% of GDP).” “The widening of COVID-19 could actually mean that the Budget proves to be more expansionary in order to bolster nascent lifts in investment while holding to manifesto commitments to increase health, welfare, security services, and education spending.” “Andrew Bailey, Carney’s replacement, stated this week that more evidence is needed for such an early move and indicated that he is in close discussions with the Treasury with respect to next week’s Budget.” “Negotiations on the future relations with the EU began this week. Rather than increasing tensions that had led to GBP weakening recently, the talks have proceeded with less apparent hostility. GBP/USD seems poised to rebound within its 1.2725-1.3200 range.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB: Risks towards cutting 10-20bps – ANZ FX Street 2 years The UK will receive a long-awaited Budget next week after the longest period between Budgets since at least 1900. Meanwhile, EU-UK negotiations began this week without hostility. The cable is ready to rebound in the opinion of analysts at Westpac Institutional Bank. Key quotes “Last month’s shuffling of Chancellors and floating of balloons about tax-raising initiatives suggested that Govt. might limit the risk of a blowout in the budget deficit (finally back below -2% of GDP).” “The widening of COVID-19 could actually mean that the Budget proves to be more expansionary in order to bolster nascent lifts in investment while… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
