GBP/USD steadies after sharp drop as Reeves’ tax warning sparks fiscal jitters

Published 6 days ago • Nov 5, 2025 at 3:47 PM • Negative

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The GBP/USD holds firm on Wednesday following Tuesday’s 0.90% losses due to UK’s finance minister Rachel Reeves saying that she could raise taxes to meet her fiscal rules. The pair trades at 1.3028 virtually unchanged.

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