Intraday Market Thoughts

Post UK Budget Premium Trades

by Ashraf Laidi
Mar 21, 2012 20:18

The UK Budget has the basic requirements to keep credit agencies at bay, planning to enact a 7% stamp duty on property worth more than 2m, slashing the main corporate tax to 24%, lifting the personal allowance by GBP 1,100 to GBP 9205, and announcing the much-telegraphed reduction in the top tax rate from 50% to 45%. With the Treasury estimating it would lose GBP 2.4 bn in tax avoidance this year, the combined effect of returning tax avoiders may well give an inflow boost, or a mini-stimulus ahead of election year. SEE LATEST PREMIUM INTERMARKET TRADES on GBPUSD, EURUSD, AUDUSD, AUDCAD, and silver are found here: Non Subscribers can click here:


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