Pound Sterling Suffers Biggest Drop in 18 Months Amid Reeves’ Tax-and-Spend Storm

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Pound Sterling Suffers Biggest Drop in 18 Months Amid Reeves' Tax-and-Spend Storm

Following the latest budget reveal, the pound sterling has taken a sharp tumble, fueled by mounting worries about the U.K.’s fiscal outlook. Chancellor Rachel Reeves' decision to pump £70 billion into government spending--funded through additional borrowing--has stirred up significant unease among investors. They're concerned this move could lead to higher inflation and escalating interest rates. […]

Source: Pound Sterling Suffers Biggest Drop in 18 Months Amid Reeves' Tax-and-Spend Storm