Market insights

It's Budget Eve

Today could see GBP moves as traders position themselves ahead of the UK budget tomorrow.

It's expected there will be tax hikes for employers, potential changes to capital gains tax, and possible changes to inheritance tax.

Changes to the way the Government borrows could be on the table too.

The NHS is thought to be in the spotlight to benefit from all of the above.

However news stories point out the plight of the average consumer where any additional tax burden could push them beyond their means.

Outside of that it's a relatively quiet day for scheduled news. The early hours of tomorrow sees Australian inflation numbers, so AUD could be affected.

Business news, as you would expect, is debating the budget and potential outcomes.

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Economic calendar

AUS: Wednesday 01:30 Inflation Report

As ever we look forward to keeping you in the loop and look out for our next update.

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