Sterling seen vulnerable ahead of Oct. 28 budget on political risk
Ebury’s Matthew Ryan says sterling could weaken in the lead-up to the Oct. 28 budget amid renewed political concerns. He links the view to possible higher tax rates and greater U.K. debt issuance.
Sterling could weaken in the lead-up to the budget on October 28 due to renewed political concerns, Ebury's Matthew Ryan says in a note.
The government's ambitious spending plans could mean an increase in tax rates and higher debt issuance, measures which could raise U.K. political risk, Ryan says…