The post GBP edges higher ahead of UK budget – Scotiabank appeared on BitcoinEthereumNews.com. The Pound Sterling (GBP) is slightly stronger as traders await Wednesday’s UK budget, with much pessimism already priced in and rising odds of a near-term relief rally, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. GBP extends mild rebound as markets await budget “The pound is up a marginal 0.1% vs. the USD and a mid-performer among the G10 currencies as it tentatively extends its retracement of last Wednesday’s notable decline. Domestic releases have been limited to second-tier CBI sentiment data, and market participants remain squarely focused on Wednesday’s budget release.” “Sentiment remains weak but we feel that a lot of bad news is already priced in, leaving the balance of risk tilted to the upside with a high probability of a near-term post-budget relief rally.” Source: https://www.fxstreet.com/news/gbp-edges-higher-ahead-of-uk-budget-scotiabank-202511251448The post GBP edges higher ahead of UK budget – Scotiabank appeared on BitcoinEthereumNews.com. The Pound Sterling (GBP) is slightly stronger as traders await Wednesday’s UK budget, with much pessimism already priced in and rising odds of a near-term relief rally, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. GBP extends mild rebound as markets await budget “The pound is up a marginal 0.1% vs. the USD and a mid-performer among the G10 currencies as it tentatively extends its retracement of last Wednesday’s notable decline. Domestic releases have been limited to second-tier CBI sentiment data, and market participants remain squarely focused on Wednesday’s budget release.” “Sentiment remains weak but we feel that a lot of bad news is already priced in, leaving the balance of risk tilted to the upside with a high probability of a near-term post-budget relief rally.” Source: https://www.fxstreet.com/news/gbp-edges-higher-ahead-of-uk-budget-scotiabank-202511251448