UK

Sterling’s reaction to the budget will depend heavily on whether investors maintain a risk premium in U.K. assets, Convera strategist George Vessey said in a note.

“From what we see in the U.K. and Japan, a lot more people are getting flu earlier.”

—Yields on U.K. government bonds were little changed ahead of Wednesday’s U.K. budget.

Kingfisher lifted its profit outlook for fiscal 2026, saying its performance to date and cost savings give it confidence despite weakening market conditions in the U.K. and Poland.

The U.K. has set up a sovereign AI unit to facilitate investments into local startups and to become a more attractive location for AI firms.