ING Group: If the government does not cut spending, the pound may fall and yields may rise.

GateNews

2025-09-29 08:10:24

Jin10 data reported on September 29, analysts from ING, Chris Turner, stated in a report that if there are signs indicating that the UK Labour government might make a 180-degree turn on plans to cut spending to reduce the budget deficit, the pound could fall, while UK bond yields could rise. The Labour conference being held in Liverpool next Monday will become the focus of attention. “Any signs that the government will make concessions to the left within the party, such as removing the cap on the second child subsidy, would be unsettling for UK bonds and the pound.”

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