英镑：政治担忧或拖累，预算案难消风险溢价

Core Viewpoint - Political concerns may continue to weigh on the British pound, despite potential positive market reactions to the budget announcement on November 26 [1] Group 1: Political Risks - The leadership challenge to Prime Minister Starmer poses significant political risks that could affect the pound [1] - Uncertainty regarding potential successors who may not adhere to fiscal discipline could further widen the risk premium [1] Group 2: Economic Implications - While avoiding negative surprises in the budget could benefit the pound's recovery, the underlying political risks are likely to prevent a complete elimination of the fiscal risk premium [1]