Downside Sterling Risks on Spring Statement
The upcoming Spring Statement in the UK, scheduled for March 27, 2025, is set to be a pivotal moment for forex traders, especially those focused on the GBP. Expectations of fiscal tightening and weaker growth forecasts could pressure the Sterling downward. Meanwhile, the impending US tariffs on April 2 introduce additional uncertainty, potentially affecting the USD and EUR, making this a critical period for major currency pairs like GBP/USD and EUR/USD.