By Rob Howard — Oct 30 - 09:35 AM
Cable dips to 1.2937 as UK finance minister Reeves unveils budget
1.2937 is lowest level since Oct 24 (1.2911 was low that day)
1.2951 was low shortly before UK budget, after big US ADP jobs data beat
Reeves says she is raising UK taxes by 40 billion pounds a year nL8N3M61O8
New UK budget forecasts show 142 billion pounds of extra borrowing
OBR raises 2025 UK CPI forecast to 2.6%, from 1.5% in March nL1N3M60P9
Source:
Refinitiv IFR Research/Market Commentary