Despite disappointing UK GDP and high probability of a BoE rate cut, GBP/USD has shown resilience, holding the critical 1.3000 level partly due to US Dollar weakness. The upcoming UK budget, with Chancellor Rachel Reeves facing a significant £25 billion fiscal shortfall, is the next major hurdle that could either unleash or restrain the currency's bulls.
13-11-2025 11:33 GMT
by Zain Vawda