The British Pound looks to be benefiting from reports that Chancellor Rachel Reeves is going to change the fiscal rules to allow her to borrow more.
The British Pound trades higher against the Euro and Dollar after the head of the Bank of England was hesitant to greenlight a faster pace of interest rate cuts.
The British Pound could benefit over the coming months from an expansionary budget.
Pound Sterling Drops Against Euro and Dollar After Core Inflation Sees Biggest Monthly Fall in 25 Years
- Category: GBP
UK inflation fell to 1.7% year-on-year in September, prompting a selloff in the British Pound.