After the spring budget statement was released, the pound hardly changed.

British Chancellor of the Exchequer Rachel Reeves announced no further adjustments to fiscal policy in her Spring Budget statement, and the pound reacted very little. The market focus has shifted to the updated economic and fiscal forecasts from the UK Budget Responsibility Office. It is expected that the actual GDP growth rate will slow to 1.1% this year, then rise to 1.6% in 2027 and 2028, before stabilizing at 1.5% in 2029 and 2030. The inflation rate is expected to drop to 2.3% this year, and decrease to the Bank of England's target level of 2.0% from 2027 onwards. However, the Budget Responsibility Office pointed out that there are "significant risks" to their forecasts due to the conflict in the Middle East. The pound fell by 0.7% to $1.3311, while the euro fell by 0.1% to 0.8711, with both showing little change compared to before the statement was released.