CMC: fiscal stimulus holds potential for pound upside
Amid uncertainty around Brexit clearing, upcoming UK budget may add support to UK currency
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Dissipating geopolitical uncertainty around Brexit and a possible fiscal stimulus in the UK’s upcoming budget could support a higher move in the British pound this year, says Michael Hewson, chief market analyst at CMC Markets in London.
The Boris Johnson-led government is expected to hold its first budget on March 11, when it will outline the delivery of promised spending commitments and tax plans.
“We could see
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