UBS Global Wealth Management analysts said in a report that the UK's fiscal risk will remain the focus of British pound traders' attention for some time, but the pound is unlikely to suffer any ongoing losses. The British Government will “fully understand the situation and act accordingly.” On Wednesday, British Prime Minister Stammer initially failed to guarantee that Chancellor of the Exchequer Reeves will continue to serve in Parliament. However, he soon tried to control his losses, and it was later said that she would stay in office for a long time. Therefore, analysts say that if GBP/USD falls below 1.3600, it may be a good entry point to establish long positions or bet on the rise of the pound.

UBS Global Wealth Management analysts said in a report that the UK's fiscal risk will remain the focus of British pound traders' attention for some time, but the pound is unlikely to suffer any ongoing losses. The British Government will “fully understand the situation and act accordingly.” On Wednesday, British Prime Minister Stammer initially failed to guarantee that Chancellor of the Exchequer Reeves will continue to serve in Parliament. However, he soon tried to control his losses, and it was later said that she would stay in office for a long time. Therefore, analysts say that if GBP/USD falls below 1.3600, it may be a good entry point to establish long positions or bet on the rise of the pound.