Fx Rate News

GBP/USD Stabilizes After Plunge Amid Reeves’ Tax Warning

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