British Pound: Budget impact limited for Sterling – BBH
Brown Brothers Harriman’s Elias Haddad judges the UK October 2026 Budget as neutral for the Pound and gilts. The government slightly increases fiscal tightening while planning marginally higher debt issuance. The cyclically adjusted primary balance is projected to swing from a small deficit to a surplus, but the added fiscal restraint is seen as too modest to significantly alter Bank of England…
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