GBPUSD Edges Higher Ahead of UK Autumn Budget Amid Political Pressure
UK Chancellor Reeves to announce Autumn Budget amid political pressure. GBP/USD steadies near 1.3200, EUR/GBP pulls back from recent highs, awaiting new catalysts.
Market context
Follow the story. See which markets it affects. Explore the context.
UK Chancellor Reeves to announce Autumn Budget amid political pressure. GBP/USD steadies near 1.3200, EUR/GBP pulls back from recent highs, awaiting new catalysts.
GBPUSD rallied above $1.35 as weak US jobs data weakened the dollar and boosted Fed cut bets, despite UK fiscal uncertainty and BoE caution ahead of the Autumn Budget.