In a recent government statement, Jeremy Hunt, the United Kingdom's secretary of the treasury, points out that savings and greater tax revenues will result in a budget tightening of £ 54bn. The market received this information very positively, making the pound the strongest currency among the G10. The GBPUSD pair is rising more than 1.0% today. The dollar underperforms, but among the G10 currencies only the NZDUSD pair managed to achieve 1% gain.
GBPUSD continues to rise and erase most of the losses caused by the very hawkish Fed. Nevertheless, the position of the pound has generally not changed radically for about 2 months. Source: xStation5
