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GBPUSD Tumbles on UK Budget Risk and Weak Hiring Signals

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

News Summary

  • Sterling steadied near 1.3478 but faces downside risk as markets price a GBP risk premium ahead of the UK Autumn Budget, amid weak hiring intentions and persistent inflation concerns that complicate BoE policy.
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GBPUSD price history

1.35 +1.50% over the displayed period

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