GBP resilient amid budget scrutiny – DBS
Di FXStreet Insights Team
Data di Pubblicazione: 4 Dec 2025 | Data di Modifica: 4 Dec 2025
ARTICOLI POPOLARI
The Pound Sterling (GBP) shrugged off Autumn Budget worries, supported by orderly gilt markets and cautious OBR growth forecasts. Softening US Dollar (USD) and Fed-cut expectations continue to drive GBP gains, DBS' Senior FX Strategist Philip Wee notes.
The Pound Sterling (GBP) shrugged off Autumn Budget worries, supported by orderly gilt markets and cautious OBR growth forecasts. Softening US Dollar (USD) and Fed-cut expectations continue to drive GBP gains, DBS' Senior FX Strategist Philip Wee notes.
USD weakness boosts GBP
"GBP has been remarkably resilient, brushing aside both the Autumn Budget and criticism over Chancellor Rachel Reeves’ credibility. Markets have concluded that fears of fiscal slippage were overstated. The OBR’s cautious growth assumptions, the lack of any 'mini-budget-style' surprises, and the government’s commitment to tightening day-to-day spending have kept Gilt markets orderly."
"More importantly, FX action shows that Fed-cut expectations are exerting a far stronger effect than the Bank of England’s easing prospects. The markets judged that the Autumn Budget concerns were not significant enough to outweigh the softening USD narrative. Yesterday’s 1.1% rally took GBP/USD back to late-October levels at to 1.3353."
Oltre un milione di utenti si affida a FXStreet per dati di mercato in tempo reale, strumenti di charting, approfondimenti di esperti e notizie Forex. Il loro calendario economico completo e i webinar formativi aiutano i trader a rimanere informati e a prendere decisioni ponderate. FXStreet conta circa 60 professionisti tra la sede di Barcellona e diverse regioni globali.
Leggi di più
