Nationwide: UK Annual House Price Growth Softens to 2.4% in October

MT NewswiresNov 1 03:12 ET

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

FX678 FinanceOct 31 23:06 ET

GBP Volatility When the Budget Was Presented – Commerzbank

FXStreetOct 31 05:55 ET

Britain's Totally Extends Revolving Credit Facility

MT NewswiresOct 31 05:41 ET

Pound Sterling Rebounds as Trades Pare Back BoE Dovish Bets

FXStreetOct 31 05:36 ET

Gilt Yields Rise on Concerns About Renewed Inflationary Pressures After Budget -- Market Talk

WSJOct 31 05:18 ET