GBP/USD steady ahead of Rishi Sunak spending review speech

The British pound is holding steady ahead of the UK spending review by Rishi Sunak. The GBP/USD is trading at 1.3357, which is close to the highest point in September. UK spending review Rishi Sunak, the Chancellor of the Exchequer will deliver a major speech in parliament today afternoon. In this speech, he will provide government’s budget for the 2021-2022 financial year. He will also provide economic forecasts for the measures he has already announced this year. Economists expect the chancellor to provide more financial resources to the public sector departments like schools and military. Analysts at the Resolution Foundation