---
title: "The recovery of the British pound faces political obstacles, analysts warn that the fiscal risk premium may be difficult to fully eliminate"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/265931092.md"
description: "Even if the budget proposal on November 26 is well received by the market, political concerns in the UK may continue to weigh on the pound, according to Deutsche Bank AG foreign exchange strategist George Saravelos in a report. He believes that, viewed in isolation, avoiding negative surprises in the budget proposal would help the pound recover. However, the persistent political risks will not allow the fiscal risk premium to be completely eliminated. These risks include challenges to Prime Minister Starmer's leadership. The effect of this uncertainty and the possibility that a successor may not prioritize fiscal discipline could lead to an expansion of the risk premium once again"
datetime: "2025-11-14T12:47:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265931092.md)
  - [en](https://longbridge.com/en/news/265931092.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265931092.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/265931092.md) | [繁體中文](https://longbridge.com/zh-HK/news/265931092.md)


# The recovery of the British pound faces political obstacles, analysts warn that the fiscal risk premium may be difficult to fully eliminate

According to Jinshi Data on November 14, even if the budget proposal on November 26 receives a positive market response, political concerns in the UK may continue to weigh on the pound, Deutsche Bank AG foreign exchange strategist George Saravelos stated in a report. He believes that, viewed in isolation, avoiding negative surprises in the budget proposal will help the pound recover. However, the persistent political risks will not allow the fiscal risk premium to be completely eliminated. These risks include challenges to Prime Minister Starmer's leadership. The effects of this uncertainty and the possibility that a successor may not prioritize fiscal discipline could lead to an expansion of the risk premium once again

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- [Deutsche Bank AG (DB.US)](https://longbridge.com/zh-CN/quote/DB.US.md)

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