Simon-Peter Massabni at XS.com says GBP/USD may remain under pressure until the
Fed rate decision and the UK budget are released on Wednesday, when the market
outlook should become clearer. He says a budget that restores confidence in UK
public finances, combined with a Fed that is less hawkish than expected, would
improve GBP/USD’s rebound prospects; conversely, a disappointing budget together
with hawkish Fed signals would prolong sterling weakness.
