Pound Sterling Price News and Forecast: GBP/USD hits lowest since April on budget concerns
|Pound Sterling underperforms as UK Reeves warns of higher UK borrowing costs
The Pound Sterling (GBP) underperforms its major currency peers, except antipodeans, on Tuesday. The GBP faces selling pressure as investors turn cautious on expectations that the United Kingdom (UK) Chancellor of the Exchequer, Rachel Reeves, will raise taxes in the upcoming Autumn Budget later this month to plug a £22bn shortfall in the government's finances. Read more...
GBP/USD hits lowest since April on budget concerns – BBH
GBP/USD sank to April lows as Chancellor Reeves signaled upcoming tax increases, potentially paving the way for more Bank of England easing after the November 26 budget, BBH FX analysts report. Read more...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.