Title: StockWatch: UK’s Spring Budget Falls Flat as Inflation Rises!
Post by: PocketOption on Mar 24, 2022, 04:39 pm
Post by: PocketOption on Mar 24, 2022, 04:39 pm
StockWatch: UK's Spring Budget Falls Flat as Inflation Rises!
Source: StockWatch: UK's Spring Budget Falls Flat as Inflation Rises! (https://www.orbex.com/blog/en/2022/03/stockwatch-uks-spring-budget-falls-flat-as-inflation-rises)
Chancellor Rishi Sunak has set out his Spring Budget in the hope to counteract rising inflation.
He warned the UK’s post-pandemic recovery had been blown off course by the war in e.
The annual inflation rate increased to 6.2%. It is the highest inflation rate since March of 1992, cable witnessed a 100 pip sell-off yesterday.
With the BoE looking at a fourth interest rate hike, just where will cable go from here?
Timestamps:
- GBPUSD 02:00
- UK100 03:35
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Source: StockWatch: UK's Spring Budget Falls Flat as Inflation Rises! (https://www.orbex.com/blog/en/2022/03/stockwatch-uks-spring-budget-falls-flat-as-inflation-rises)