How will the Budget influence Sterling exchange rates?
The Spring Budget is due to take place on Wednesday 6th March. With a possible general election looming this Budget will be likely to try and persuade voters to keep the Tories in power.
As the UK recently fell into recession after falling by two quarters in a row it is not expected to last for too long.
The Bank of England governor Andrew Bailey has already suggested that it may be over and has told MPs the same.
The Chancellor Jeremy Hunt is due to cut taxes but with an economy under pressure the tax cuts may not be too big.
According to some other reports National Insurance is also due to be cut but this could reduce the government’s spending. However, arguably if people have more money to spend this could help to boost the economy so there is a fine balance to be made.
If the Budget is taken well this could lead to a small recovery for Sterling exchange rates against both the Euro and the US Dollar.
Sterling vs both the Euro and the US Dollar has been range bound since the start of the year. Monetary policy has remained unchanged both here and on the continent and it doesn’t appear to be changing anytime soon.
Inflation still remains higher than required which has decreased the chance of an interest rate cut happening anytime soon.
Therefore, it is likely to be other political and economic developments that are likely to influence what is happening to Pound exchange rates as we move into March.
If you would like a free quote when transferring currency and would like to save money compared to using your own bank then please contact me for a free quote.
I have worked at one of the UK’s longest established currency brokers for over 20 years and I’m confident of making the process simple and straightforward.
Email me directly with a brief description of your requirement to [email protected]
Source: https://www.poundsterlingforecast.com/2024/03/how-will-the-budget-influence-sterling-exchange-rates/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Humic & Fulvic Liquid Trace Mineral Complex
HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary New Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula. This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting. Order Your Humic Fulvic for Your Family by Clicking on this Link , or the Banner Below.
Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...
It’s OXYGENATED
It Always Tests at 9.5+ pH
Preservative and Chemical Free
Allergen Free
Comes From a Pure, Unpolluted, Organic Source
Is an Excellent Source for Trace Minerals
Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents
Highly Conductive/Full of Extra Electrons
Is a Full Spectrum Complex
Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.
Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Order Yours Today by Following This Link.