After reaching a 19-month high against the euro yesterday, the pound is still strong this morning ahead of the Chancellor’s autumn Budget.
At around 12:30 this afternoon, Rishi Sunak will reveal his spending plans. The pound could be impacted by this, especially if any announcements have a bearing on decisions from the Bank of England.
The euro is weaker this morning ahead of the European Central Bank’s monetary policy meeting, which is due to take place tomorrow. President Christine Lagarde is expected to confirm that interest rates will be hiked in 2024.
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