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Institutional – How to trade the aftermath of Budget 2019?

Trading Room – Mon 5 Nov 2018

The government has revealed Budget 2019 on last Friday where it will continue with an expansionary budget with a budget deficit of 3.7% that takes into account the need to repay unrefunded taxes and maintaining economic growth at a high level.

While we will not go into the specifics of the Budget as it is widely reported, the budget turned out to be expansionary instead of a contractionary budget expected by the market.

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