【Societe Generale: The UK Fiscal Outlook is Bleak, the Pound May Gradually Weaken in the Medium Term】Golden Finance reports that Kit Juckes, an analyst at Societe Generale, stated in a report that due to the bleak fiscal outlook for the UK, the pound may weaken in the medium term. He pointed out: "Higher taxes are on the way, economic growth will slow, and the pound will further weaken." However, he believes that the decline of the pound may be gradual. Investors therefore need to be "very patient" or take advantage of opportunities when speculators cover their short positions to obtain better entry points. Juckes expects that by the end of summer, the chart support level for the euro against the pound may rise to 0.8700 and is expected to continue to rise.