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17th Jun 2024 11:34UKDaily Monitor

  • The next government will inevitably raise taxes and public spending more than budgeted for currently.
  • We expect that to support sterling by helping to keep market interest rates elevated.
  • We forecast GBPUSD to rise to 1.33 at the end of the year, with risks to the upside.

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Keywords for: 18 June 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence