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GBPUSD Soars After Reeves Speech as UK Fiscal Pledges and US Shutdown Risk Weigh on USD

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The Story

News Summary

  • GBP rose to $1.343 after Chancellor Rachel Reeves pledged fiscal discipline and targeted infrastructure and industry support; markets awaited clearer Budget details.
  • US shutdown risk pressured the dollar, aiding the pound despite weak growth and higher inflation forecasts.
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GBPUSD price history

1.35 +1.50% over the displayed period

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