3/3/2021 10:59:31 AM GMT | By FXStreet Team
GBP/USD: The annual budget puts pressure on the British Pound
Sterling has moved slightly for two days. BXY - British Pound Currrncy Index keeps position around 139.0 - 139.6 before the opening of London session.
The British Pound is traded at low volume in the first two days of week, which showed a desert at the market. All the attention of investors poured into the Annual Budget Release - the annual budget estimate of the British government. This is important report that determines whether the government s expenditure/revenue plan over the next one year is balance, deficit spending or revenue. These are for future economic stimulus packages, vaccine, health support, unemployment insurance, economic boost,.. and budget revenue through corporate tax, personal income tax.