British Pound: Budget risks threaten gains against US Dollar - Nordea

Nordea strategists note EUR/GBP has traded between 0.84 and 0.87 since late February, with recent British Pound (GBP) gains helped by external factors. They highlights diminished carry appeal as the Bank of England (BoE) holds rates at 3.75%, resilient UK growth, and a crucial Autumn Budget Bill. A November hike may support GBP, but fiscal missteps could push yields higher and weaken the Pound.