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GBP/USD still below 1.33 as UK budget looms closer
In less than one hour from now the UK Chancellor, Jon Healey is expected to deliver his first UK judgement before parliament. In truth no one across the markets is really expecting much to come from this, but complacency in terms of whatever market reaction it might throw up is never a good thing.
So, we are keeping an open mind on that and leave ajar the door that hides surprises. Meantime, the GBP/USD is still camped below the 1.33 handle this morning. Following an earlier update, the Pound did fall back further, hitting a session low at 1.3273. It has edged off that low since then, but has yet to reclaim that 1.33 handle. The GBP/USD is right now at 1.3288
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