UK finance minister Reeves says government has more plans to bolster economic growth

She’s still trying to thread the needle here but I reckon on the balance of things, the pound has taken to the budget quite well. It was a tough scenario as the currency had mostly expected negative takeaways from the budget. Tax hikes would’ve hit short-term growth and increased spending/borrowing would’ve upset the gilts market and raise debt concerns.

But as mentioned yesterday, she’s lucky enough that this is coming at a time when the BOE is cutting rates instead.

This article was written by Justin Low at www.forexlive.com.