British Pound: Budget risk caps Pound recovery – Scotiabank

FXStreet27 October 2026, 18:33 UTCUnited Kingdom

Scotiabank strategists Shaun Osborne and Eric Theoret say British Pound (GBP) is softer versus the Dollar as markets stay cautious ahead of Wednesday’s UK budget. Overnight GBP/USD volatility is firmer, but a fiscally credible package is expected to be neutral for the Pound.

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