GBP/USD | FX Rate

GBP/USD Stays Low Ahead of Bank of England Decision

November 7, 2025November 6, 2025 by FX Rate Updates

The GBP/USD pair is currently seeking support near 1.3062 on Thursday, as investors take a measured approach ahead of the crucial Bank of England monetary policy meeting scheduled for today. The British currency is currently facing significant pressure, trading close to a seven-month low against the US dollar and reaching its weakest point in over … Read more

GBP/USD Stabilizes After Plunge Amid Reeves’ Tax Warning

November 6, 2025November 5, 2025 by FX Rate Updates

GBP/USD remains stable on Wednesday after experiencing a 0.90% decline on Tuesday, prompted by UK finance minister Rachel Reeves indicating the possibility of tax increases to adhere to fiscal regulations. The pair is currently trading at 1.3028, showing minimal movement at this moment. GBP/USD reduces losses following UK finance chief Rachel Reeves’ indication of tax … Read more