After a hectic few weeks of central bank decisions, inflation data, and political noise, this week finally looks set to offer a brief pause for breath.
The docket is notably lighter — and for many traders, that’s a welcome change after the sharp volatility we’ve seen across Sterling pairs in particular.
Last week’s Bank of England decision and Rachel Reeves’ fiscal remarks triggered sizeable moves in GBP, with markets now fully focused on the upcoming UK Budget at the end of the month for the next major catalyst. Until then, Sterling is likely to trade with a cautious tone, vulnerable to softer domestic data and any renewed Dollar strength.
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