What does the UK Budget hold for sterling?

The Chancellor of the Exchequer will unveil the latest UK Budget on Wednesday at 12:30 GMT. It will likely include another massive round of spending to safeguard jobs and boost the recovery. Rumors suggest taxes on corporations might be raised as well to repair the hole in public finances, but it’s probably too early for that. As for sterling, with the UK reaping the benefits of early vaccinations, the overall picture seems positive, especially against the growth-starved euro. Balancing the books? It is show time in the UK, where Finance Minister Rishi Sunak is about to reveal the government’s latest fiscal plans. He … (full story)

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