# Sterling takes spending review in stride | Financial Post

> Sterling was steady after Chancellor Rishi Sunak announced plans to borrow nearly £400 billion in the current financial year. The Office for Budget Responsibility forecast an 11.3% contraction in 2020 and 5.5% growth in 2021, with unemployment peaking at 7.5%.

- Date: 2020-11-25 · published 2020-11-25T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/50420-sterling-takes-spending-review-in-stride-financial-post
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The fiscal plan and weaker growth outlook have limited immediate effect on the pound, so currency-driven commodity pricing is unchanged. The story has no direct link to feed supply or demand.

## Read by commodity

- GBPUSD: neutral

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/sterling-takes-spending-review-in-stride-2

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.