Pound falls to 2023 low against Euro as Budget jitters spike

cityam10-29

The pound fell against the Euro and Dollar on Wednesday. The Pound suffered a sharp drop on Wednesday as investors braced for an economic hit in Rachel Reeves’ forthcoming Budget.Sterling’s downturn ...

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The Pound suffered a sharp drop on Wednesday as investors braced for an economic hit in Rachel Reeves’ forthcoming Budget.Sterling’s downturn ...</p>\n\n<a href=\"https://www.cityam.com/pound-falls-to-2023-low-against-euro-as-budget-jitters-spike/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pound falls to 2023 low against Euro as Budget jitters spike</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPound falls to 2023 low against Euro as Budget jitters spike\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-29 22:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/pound-falls-to-2023-low-against-euro-as-budget-jitters-spike/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The pound fell against the Euro and Dollar on Wednesday. The Pound suffered a sharp drop on Wednesday as investors braced for an economic hit in Rachel Reeves’ forthcoming Budget.Sterling’s downturn ...</p>\n\n<a href=\"https://www.cityam.com/pound-falls-to-2023-low-against-euro-as-budget-jitters-spike/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300738605.USD","symbol_name":"TEMPLETON EMERG MKTS SMALLER CO \"A\" INC","start_time":0,"source_url":"https://www.cityam.com/pound-falls-to-2023-low-against-euro-as-budget-jitters-spike/","article_id":"2579690009","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/02/01HQ5AB994XY033C1MEFCAPQ04-e1735826855902.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/pound-falls-to-2023-low-against-euro-as-budget-jitters-spike/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2579690009","pubTimestamp":1761748976,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The pound fell against the Euro and Dollar on Wednesday. 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In the afternoon, sterling fluctuated between 1.13 and 1.14.Against the dollar, the pound was down 0.4 per cent to a three-month low of 1.32.David Morrison, senior market analyst at Trade Nation, said: “Investors are cutting their exposure to the Britishpoundahead of Chancellor Rachel Reeves’ budget next month, and as the UK government buckles uselessly under the weight of a series of bad headlines.”Analysts are pointing to a 20bn expansion in Reeves’ fiscal blackhole as a result of the Office for Budget Responsibility’s expected 0.3 per cent downgrade.The Institute for Fisca","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0300738605.USD":"TEMPLETON EMERG MKTS SMALLER CO \"A\" INC","LU0300738514.USD":"TEMPLETON EMERG MKTS SMALLER CO \"A\"(USD) ACC","LU0029865408.USD":"TEMPLETON LATIN AMERICA \"A\" INC","IFS":"Intercorp Financial Services Inc.","BK4207":"综合性银行","LU0320763518.SGD":"FTIF - Templeton Latin America A Acc SGD","LU0128526570.USD":"TEMPLETON LATIN AMERICA \"A\" ACC"},"translate_title":"由于预算紧张加剧，英镑兑欧元跌至2023年低点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IFS":1},"content_text":"The pound fell against the Euro and Dollar on Wednesday. The Pound suffered a sharp drop on Wednesday as investors braced for an economic hit in Rachel Reeves’ forthcoming Budget.Sterling’s downturn came as the UK’s fiscal watchdog looks set to hand a hefty downgrade to the country’s productivity growth.On Wednesday morning, the pound fell 0.4 per cent against the Euro to 1.13 – a level not reached since May 2023. In the afternoon, sterling fluctuated between 1.13 and 1.14.Against the dollar, the pound was down 0.4 per cent to a three-month low of 1.32.\n\nDavid Morrison, senior market analyst at Trade Nation, said: “Investors are cutting their exposure to the British pound ahead of Chancellor Rachel Reeves’ budget next month, and as the UK government buckles uselessly under the weight of a series of bad headlines.”\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAnalysts are pointing to a £20bn expansion in Reeves’ fiscal blackhole as a result of the Office for Budget Responsibility’s expected 0.3 per cent downgrade.The Institute for Fiscal Studies (IFS) have said that every 0.1 per cent downgrade would result in public sector net borrowing increasing by £7bn in 2029-2030.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2579690009","isCrawlerRequest":true}