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The economic priorities

The economic priorities | 13 March 2023

13 March 2023, GBP/USD

The economic priorities

GBPUSD trading plan:

British Prime Minister Rishi Sunak said on Friday that his government would prioritise reducing the country's debt over cutting taxes in next week's budget, which would also focus on other goals such as reducing inflation. But some in his Conservative Party are keen for tax cuts in the budget, so that they can take effect well ahead of the next national election, expected next year. Asked if he was comfortable that the tax burden was near a record high, and if he would prioritise cutting taxes as the economic picture improved, Sunak said: "Over time, I've been very clear my ambition is to cut people's taxes."

Investment idea: range 1.2050 -1.2170.

David Johnson
Analyst of «FreshForex» company
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