GeneralBearishCrypto Briefing · 4h ago7/10
📰
UK budget deficit rises to £23.3B in May, highest since pandemic
The UK's budget deficit reached £23.3 billion in May, marking its highest level since the pandemic, signaling fiscal strain that could prompt the Bank of England to maintain higher interest rates longer. This fiscal pressure may drive capital away from risk assets like cryptocurrencies toward traditional fixed-income securities, creating headwinds for digital asset valuations.
