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Intraday Strategies for Beginner Traders for the Pound on October 29
The U.K. budget was so calm
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The U.K. budget was so calm that the pound barely reacted. Chancellor John Healey presented a plan with no major surprises or unfunded promises, and the fiscal buffer—the amount the government can miss its forecasts by without breaching its own rules—stood at about £15 billion. In March it was nearly £24 billion; the reduction reflects higher borrowing costs rather than new spending. That distinction matters to the market because this is about the price of debt, not fiscal largesse. Asset
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Sell
Urgency
1 day
Analytic
Maxim Magdalinin
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