GBP/USD sinks below 1.33 as UK fiscal woes deepen ahead of budget

Published 1 week ago • Oct 28, 2025 at 3:07 PM • Negative

The GBP/USD dives more than 0.50% on Tuesday as market participants digested news of the UK’s Office for Budget Responsibility (OBR), which plan to cut productivity, leading to a huge hole in the public finances. The pair tumbled below 1.3300 for the first time since mid-October.

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GBP/USD sinks below 1.33 as UK fiscal woes deepen ahead of budget

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