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Will todays budget be good or bad for sterling?

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All eyes will be on the budget today. Higher stamp duty for houses over £2million. Increases in the lower threshold of income tax which will mean that taxpayers will only begin paying tax at £9000.00 or over. There are also rumours that the top rate of tax could be cut from 50p to 45p.

Will the budget have any affect on Sterling? Markets could be left a wee bit flat with equities and GBP taking a hit on exchanges as the Government continues with the fiscal austerity measures.

So basically, once the budget has been released, we could either see sterling rally or see it falter! You pays your money and takes your chances!!

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