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GBPUSD Rebounds Ahead of UK Finance Minister’s Tax Rise Speech Amid Growth Uncertainty

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Sterling rallied for a fifth day against the dollar ahead of UK Finance Minister's tax rise announcement amid economic concerns and debt costs.
  • Investor focus is on growth prospects and fiscal forecasts, with risk of sharp pound moves depending on budget outcomes.
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GBPUSD price history

1.35 +1.50% over the displayed period

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