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Analysts at TD Securities point out that the UK budget is released around 11:30am ET and they expect this year’s large revenue surprise to be carried forward.

Key Quotes

“But spending pledges on the NHS and “ending austerity” are likely to eat up this and more, leaving the overall fiscal picture broadly unchanged from the Spring Update. With Brexit (hopefully) around the corner, the government will hold off on any major policy announcements until greater clarity is revealed.”