International Netherlands: The pound still has the risk of falling before the budget is released.

Jin10 data reported on September 11, analysts at ING said that ahead of the autumn budget announcement on November 26, there is still a risk of a fall in the pound due to concerns about the sustainability of UK finances. They noted that as UK long-term government bonds rebound from last week's dumping, the pound has recently strengthened against the euro. Compared to the euro and the dollar, the pound is more sensitive to the dumping of long-term government bonds, which means that risks still exist ahead of the budget announcement. However, during stable periods for UK government bonds, short-term interest rates have risen due to the cautious stance of the Central Bank on interest rate cuts, making it “expensive” to sell the pound.