UK Autumn Statement unlikely to move the GBP – Danske Bank

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Economists at Danske Bank expect the British Pound to shrug off the UK Autumn Statement due out on November, 17.

“Going forward, we increasingly expect the global investment environment to weigh on GBP as we expect domestic political themes to take a back seat. This is a result of newly elected PM Rishi Sunak increasingly being focused on ensuring fiscal prudence.”

“While we expect the Autumn Statement next week to deliver further clarity on closing the fiscal gap, we broadly expect a muted reaction in GBP.”

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