The Story
News Summary
- GBPUSD weakened amid UK budget uncertainty as Chancellor Reeves drops major income tax hikes, opting for smaller fiscal measures and threshold adjustments.
- Market bets on BoE rate cuts fall, while rising gilt yields pressure the pound ahead of the November 26 budget announcement.
Explore GBPUSD price history & advisor snapshot
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Stored market data
GBPUSD price history
1.35
+1.50% over the displayed period
Advisor Snapshot
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