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British Pound: Budget and BoE expectations cap upside – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that the British Pound (GBP) has been more resilient than expected as UK growth holds up and fiscal risks stay contained. Markets remain relaxed ahead of Wednesday’s Budget, but substantial BoE tightening is already priced.

British Pound: Budget and BoE expectations cap upside – OCBC

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