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Empty Statements Do Little for the Pound - Monex Europe
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Empty statements do little for the pound - Monex Canada
The 2025 Spending Review, delivered by Chancellor Rachel Reeves today, presented a fiscal landscape of tight constraints and strategic reallocations. Against the OBR’s subdued 1.0% GDP growth forecast for 2025 and a razor-thin £9.9 billion fiscal headroom, Reeves aimed for “stability” and “national renewal,” framing decisions for “working people.” Crucially, the immediate market reaction was minimal. Sterling showed little significant movement, …
Empty statements do little for the pound - Monex Europe
The 2025 Spending Review, delivered by Chancellor Rachel Reeves today, presented a fiscal landscape of tight constraints and strategic reallocations. Against the OBR’s subdued 1.0% GDP growth forecast for 2025 and a razor-thin £9.9 billion fiscal headroom, Reeves aimed for “stability” and “national renewal,” framing decisions for “working people.” Crucially, the immediate market reaction was minimal. Sterling showed little significant movement, …
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