Pound Sterling Price News and Forecast: GBP/USD slides below 1.29 on soft UK CPI, budget presentation
Portfolio Pulse from
The British Pound (GBP) experienced depreciation against the US Dollar (USD) following softer-than-expected UK inflation data and the Spring Budget presentation. Chancellor Rachel Reeves announced welfare spending amendments expected to save £4.8 billion, contributing to market uncertainty.
March 26, 2025 | 5:30 pm
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NEGATIVE IMPACT
The Invesco CurrencyShares British Pound Sterling Trust may experience volatility due to softer inflation and budget presentation
Softer UK inflation and budget details typically create downward pressure on the British Pound, which would negatively impact a GBP-tracking ETF
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80