UK: Some looser fiscal policy will be welcomed by Sterling – ING
Economists at ING analyze GBP outlook ahead of the UK Autumn Statement.
EUR/GBP to trade back below 0.8700
Today, Chancellor Jeremy Hunt is also looking to deliver tax cuts – but cuts that do not derail plans to stabilise the UK debt trajectory over a five-year horizon.
We think some looser fiscal policy will be welcomed by Sterling at this juncture and continue to favour EUR/GBP trading back below 0.8700.
See – UK: Autumn Statement to offer muted market reactions – Danske Bank
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