3 weeks GBP/USD: UK rates markets pare back BoE easing expectations – ScotiabankFXStreet

The UK budget update largely conformed to expectations. The government will raise taxes and borrowing significantly but will also spend heavily on priority projects, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

Borrowing · GBP USD · Markets · Scotiabank · Taxes · U.K.