Pound Nears Multi-Year High Despite Slight Dip, Budget Concerns Loom

Sterling experienced a minor decline against the dollar on Friday but stayed close to its highest level since February 2022, benefiting from improved risk sentiment and the policy rate differential between the UK and the US. The pound’s performance against the euro remained stable, continuing its positive trend for the third week. While the current monetary policy outlook supports the pound, analysts caution about potential headwinds, including the upcoming UK budget and possible tax changes that could impact investors and entrepreneurs.



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