GBP/USD Stuck at Seven-Month Lows Due to Fiscal Worries
The GBP/USD pair experienced a decline to 1.3149 on Friday, remaining close to a seven-month low. The sell-off was initiated by the government’s sudden decision to forgo plans to increase income tax rates prior to the Autumn Statement on 26 November. Prime Minister Keir Starmer and Chancellor Rachel Reeves have eliminated the previously discussed hikes … Read more