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
Canadian Dollar Continues Struggling After GDP Data
Canada's Economy Flatlined in August, Supporting Expectations for Another 50bp Cut From the Bank of Canada
"Scary" Share of Small Businesses Struggle With Low Demand in Canada, Says CFIB's Business Barometer
GBP Volatility When the Budget Was Presented – Commerzbank