Sterling may gain on UK Treasury chief's growth

British Pound US Dollar0.00%Euro British Pound-0.01%

Investing.com -- The Ranking of Global Forex BrokersBritish pound may see a boost if U.K. Treasury chief Rachel Reeves' speech about potential new measures to stimulate economic growth is favorably received. This prediction comes from analysts at Monex Europe, who shared their thoughts in a recent note, the Wall Street Journal reported.

Reeves is slated to reveal a series of actions aimed at infrastructure and planning reforms on Wednesday. According to the Monex Europe analysts, her recent statements indicate a growing willingness to make politically challenging but economically advantageous decisions. The specifics of her plans, as well as her ability to deliver a persuasive message, will be critical.

The analysts noted, "We see the balance of risks skewed toward being pleasantly surprised—an outcome that should help the pound claw back some recent losses against the euro.”

In recent currency exchanges, the euro has seen a slight increase against the pound, with the EUR/GBP rising 0.1% to 0.8418. Meanwhile, the GBP/USD has fallen 0.1% to 1.2455.

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