Nationwide: UK Annual House Price Growth Softens to 2.4% in October
United Kingdom interest rate cut expectations are under pressure, the British pound is expected to rise to 1.34 if it breaks through 1.30 in the short term.
Investors are selling British bonds and pounds, indicating concerns about the Labour government's expenditure and tax extravagance once again. Ballinger Group forex analyst Kyle Chapman said: "As the sale of UK government bonds intensifies after the budget, the pound has fallen to a two-month low. Following revelations that Reeves' borrowing plan exceeded expectations, bond investors continue to sell British government bonds." On Thursday, the pound against the dollar briefly fell to a near one-and-a-half-month low of 1.2743, currently slightly rebounding, trading around 1.2890. XTB Research Director Kathleen
Citic Sec: How were major assets interpreted during the 2016 USA election?
Citic Securities stated that the extent of market disturbance due to the uncertainty of the general election is expected to be relatively lower than that in 2016, with the expectation of U.S. bond yields showing high-level volatility rather than large increases (similar to post-2016 election).
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GBP Volatility When the Budget Was Presented – Commerzbank
Britain's Totally Extends Revolving Credit Facility