Historical GBP News Stories

Sterling Up After Budget Leak; Inflation Slows Now

Last week’s pound moves were driven by a rare Budget leak, softer CPI readings and mixed activity data. Gilts rallied after the Office for Budget Responsibility’s pre-release, inflation eased to 3.6% and retail volumes declined—setting up a cautious sterling rebound while the BoE’s December stance becomes pivotal.

Sterling Slides After UK CPI Drop, Budget U-Turn!!

A turbulent week for the pound: softer-than-expected CPI and Q3 growth, plus a surprise U-turn on income-tax plans, have pushed GBP lower and raised odds of a December Bank of England rate cut. Traders now focus on the Nov. 26 budget and upcoming data for fresh direction.

BoE Hold Tightens GBP Pressure Ahead of Budget Now

The Bank of England paused policy at 4.00% (5–4 vote), signaling potential easing ahead while sterling weakened. Gilts rallied on Chancellor Reeves’s fiscal discipline message, but GBP slid against the dollar and euro—leaving the 26 November Autumn Budget as the next decisive catalyst for pound direction.

Sterling Slides After Reeves' Pre-Budget Warning!?

Sterling weakened after Chancellor Rachel Reeves signalled possible tax rises in a pre-budget speech, prompting bets on easier Bank of England policy and a fall in GBP. Gilt moves, rate expectations and safe-haven flows amplified volatility. Key triggers ahead: the BoE decision and the full budget.