According to CoinMeta, an analyst from Rabobank, Chris Turner, stated in a report that the budget to be announced by the UK Chancellor of the Exchequer at 20:30 Beijing time may have a positive impact on the pound and UK government bonds. It is expected that the yield gap between UK and German government bonds may narrow. Looking ahead to 2027, the UK is one of the few economies within the G7 (G7) whose fiscal situation is developing in the right direction. As inflation rises and more workers are pushed into higher income tax brackets, it is anticipated that the UK's budget deficit will be below 4% of its gross domestic product (GDP). He said, "Unless the budget includes unexpected fiscal measures to boost the economy, which could then impact UK government bonds, the exchange rate of the euro against the pound seems likely to continue to come under pressure and is expected to fall further to around 0.8315."