5 Dec 2013
Flash: GBP expected to remain supported - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that in the UK, the BoE are expected to leave monetary policy unchanged.
Key Quotes
“The Autumn Statement will incorporate the stronger economic growth outlook resulting in the budget deficit projections being lowered by around a percentage point.”
“It has been reported that the OBR may project a return to surplus by FY2018/19. New policy measures announced are expected to broadly fiscally neutral."
"At the very margin today’s developments are expected to support the pound.
Key Quotes
“The Autumn Statement will incorporate the stronger economic growth outlook resulting in the budget deficit projections being lowered by around a percentage point.”
“It has been reported that the OBR may project a return to surplus by FY2018/19. New policy measures announced are expected to broadly fiscally neutral."
"At the very margin today’s developments are expected to support the pound.