The Pound Sterling (GBP) is holding steady as traders await the UK Autumn Budget, with expectations of tax hikes and increased gilt sales weighing on sentiment. Analysts at BBH note that these fiscal measures are likely to create pressure on GBP against major currencies, particularly the USD and EUR. As market participants adjust their positions ahead of the budget announcement, the GBP/USD exchange rate remains closely monitored.
With the potential for increased volatility, analysts suggest that the upcoming budget could impact trading strategies. The market anticipates that fiscal tightening could strengthen the USD, while the GBP may struggle to maintain its footing. As traders position themselves for possible shifts, the GBP's resilience will be tested in the face of looming economic policy changes.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-11-26 13:35
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.