GBP Sticks to the Side: No Big Moves Today
Morning vibes are pretty calm for the pound. The market’s just chilling in the 1.26‑1.28 band, waiting for the all‑important US PCE data that never fail to stir things up.
Why the UK’s Money Talk is MIA
- BoE’s Mann is ruffling feathers with his “lack of consumer discipline” comment, but it’s not shaking the pound’s position.
- No fresh UK economic numbers or headlines to give this currency any oomph.
Next Big Move? The Budget (Maybe)
Wednesday’s Budget is the next big headline on the horizon—though, let’s be real, its weight in the FX arena might be a drop in the ocean.
- Most Budget announcements are basically pre‑planned gossip in the media. The Pound is likely to stay glued to external influences rather than the home front.
Heading into the Day
So the short answer is: Stay on the sidelines today. Expect the pound to stick with its current range until that PCE report in the afternoon shelves a big surprise.
