UK government bonds rally but pound falls further after Reeves speech

Pound plummets after Reeves hints at Budget tax rises – but government bonds rally

The chancellor refused to rule out tax hikes and said the upcoming Budget will focus on lowering inflation

Sterling Falls to Seven-Month Low Against Dollar After Reeves' Speech

The pound to dollar exchange rate fell to a new seven-month low at 1.3094 after Reeves' speech this morning. £1 now buys you $1.3094, down from $1.337

UK government bonds rally but pound falls further after Reeves speech

The Chancellor refused to rule out tax hikes and said the upcoming Budget will focus on lowering inflation.

Pound Plummets as Reeves’ Speech Sparks Market Jitters

Chancellor Rachel Reeves’ speech has sent shockwaves through the financial markets, with the pound taking a notable dip against both the dollar and the euro. This reaction underscores the sensitivity of investors to potential tax hikes, which Reeves hinted at during her address. The pound’s decline to its lowest point since April against the dollar, coupled with a similar trend against the euro… Source

Reeves speech keeps financial markets calm for now, but risks remain present

Market Report: Minimal market reaction to Reeves’ speech

Investors react to Reeves’ pre-Budget speech Wall Street rattled in after-hours trading Asian markets fall as sentiment sours UK and European bourses set for losses BP reports solid Q3 progress ABF eyes Primark carve-out Steve Clayton, head of equity funds, Hargreaves Lansdown: “Chancellor Rachel Reeves set out the stage ahead of the Budget in her speech this morning. She surprised no-one by refusing to rule out tax rises and tried to get market…