Make or break for the Pound today- GBP/USD massively in the spotlight

The price action in the GBP/USD over the course of this week has seen it edge back above the 1.30 handle now. The prior selling interest around 1.30 does seem to have been taken out, but at the same time there seems little enthusiasm to push it much higher. The GBP/USD closed in the US last night at 1.3015 and the high seen so far this morning has been set at 1.3020. A previous update here noted how today could decide if the Pound sinks or swims after the details of the UK budget greet the markets. There is no doubt the markets are not expecting good news and that seems priced-in to a degree, but so much depends on what Reeves delivers today. If she makes a hash of it, then the Pound will be front and centre of any fallout. The market is clearly wary, but nothing is exactly set in stone just yet. There is going to be a lot of coverage here today on this for that very reason. The GBPUSD is currently trading at 1.3006