Business · 26 November 2025
Pound edges higher as investors await Reeves’ first budget announcement
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The pound inched up on Wednesday as traders positioned for Rachel Reeves’ first budget, which is expected to include tax rises aimed at stabilising UK finances. A stronger pound against the dollar and euro was accompanied by easing gilt yields, with markets anticipating the new government's detailed fiscal plans. Analysts said investors were focused on whether Reeves will balance growth measures with tighter taxation to reassure markets after recent volatility. The statement is due later on Wednesday.
Reported by Reuters · How we write briefs