World PulseNow
Newsletter

Pound sinks against euro and dollar as tax rises loom and growth slows

The Guardian•Wednesday, October 29, 2025 at 7:42:30 PM
NegativeFinancial Markets
Pound sinks against euro and dollar as tax rises loom and growth slows
The pound has fallen to its lowest level against the euro in over two and a half years, and it has also weakened against the dollar. This decline is attributed to the looming threat of higher taxes in the upcoming budget and concerns about slowing economic growth. As traders react to these developments, the prospect of a cut in interest rates to 3.75% has been brought forward, indicating a challenging economic landscape ahead. This situation matters because it reflects broader economic uncertainties that could impact consumers and businesses alike.
— Curated by the World Pulse Now AI Editorial System
Read Original

Was this article worth reading? Share it

Recommended Readings
Citibank Slashes Base Lending Rate to 7.00% Effective Today – A Game-Changer for Borrowers in Tough Times
Finance Monthlyan hour ago
Citibank Slashes Base Lending Rate to 7.00% Effective Today – A Game-Changer for Borrowers in Tough Times
PositiveFinancial Markets
Citibank has made a significant move by reducing its base lending rate to 7.00%, effective immediately. This decision is a game-changer for borrowers, especially in challenging economic times when many are seeking relief from high interest rates. By lowering the cost of borrowing, Citibank aims to support individuals and businesses alike, making loans more accessible and affordable. This could stimulate spending and investment, ultimately benefiting the broader economy.
Read full article
via Finance Monthly
Yen weakens after BOJ holds rates steady, Fed boosts dollar
Investing.coman hour ago
Yen weakens after BOJ holds rates steady, Fed boosts dollar
NegativeFinancial Markets
The Japanese yen has weakened following the Bank of Japan's decision to maintain interest rates, while the Federal Reserve's actions have strengthened the dollar. This situation is significant as it reflects ongoing economic challenges in Japan and the contrasting monetary policies of the two central banks, which could impact global trade and investment flows.
Read full article
via Investing.com
No 10 refuses to say if ethics adviser saw proof Reeves’s rental breach was ‘inadvertent’
The Guardian2 hours ago
No 10 refuses to say if ethics adviser saw proof Reeves’s rental breach was ‘inadvertent’
NegativeFinancial Markets
Downing Street is under pressure as it remains tight-lipped about whether Keir Starmer's ethics adviser has reviewed evidence regarding Rachel Reeves's claim of an inadvertent breach in her rental licensing. This situation is significant as it raises questions about accountability and transparency in government, especially concerning the chancellor's responsibilities in managing her rental property in south London without the necessary license.
Read full article
via The Guardian
ECB leaves rates on hold, offers no clues on next move
Investing.com2 hours ago
ECB leaves rates on hold, offers no clues on next move
NeutralFinancial Markets
The European Central Bank (ECB) has decided to keep interest rates unchanged, providing no indications about future adjustments. This decision comes amid ongoing concerns about inflation and economic stability in the eurozone. By maintaining the current rates, the ECB aims to balance growth and inflation, which is crucial for the region's economic health. Investors and analysts will be closely watching for any signals from the ECB regarding its next steps, as these decisions can significantly impact the economy.
Read full article
via Investing.com
Dollar Rises on Fed’s Powell Hawkish Tone
The Wall Street Journal2 hours ago
Dollar Rises on Fed’s Powell Hawkish Tone
PositiveFinancial Markets
The dollar has strengthened, buoyed by increasing Treasury yields following Federal Reserve Chair Jerome Powell's remarks that a rate cut in December is not guaranteed. This development is significant as it reflects the Fed's cautious approach to monetary policy, which can influence global markets. Meanwhile, the euro has shown slight recovery after the European Central Bank decided to keep interest rates steady, indicating a stable economic outlook in the Eurozone.
Read full article
via The Wall Street Journal
ECB keeps interest rates on hold; deposit rate stays at 2.0%
Investing.com2 hours ago
ECB keeps interest rates on hold; deposit rate stays at 2.0%
NeutralFinancial Markets
The European Central Bank (ECB) has decided to keep interest rates unchanged, maintaining the deposit rate at 2.0%. This decision reflects the ECB's cautious approach to monetary policy amid ongoing economic uncertainties in the eurozone. By holding rates steady, the ECB aims to support economic stability while monitoring inflation and growth trends closely.
Read full article
via Investing.com
Emerging-Market Currencies Fall as Cautious Fed Boosts Dollar
Bloomberg4 hours ago
Emerging-Market Currencies Fall as Cautious Fed Boosts Dollar
NegativeFinancial Markets
Emerging-market currencies are facing challenges as the cautious stance from US Federal Reserve Chair Jerome Powell has strengthened the dollar, leading to reduced interest in riskier assets. This situation is significant as it highlights the ongoing impact of US monetary policy on global markets, affecting investments and economic stability in emerging economies.
Read full article
via Bloomberg
Birmingham city council was probably never bankrupt, says accountancy expert
The Guardian4 hours ago
Birmingham city council was probably never bankrupt, says accountancy expert
NeutralFinancial Markets
Recent analysis suggests that Birmingham City Council may have never been bankrupt, as the declaration made in 2023 was based on a significant underestimation of reserves exceeding £1 billion. This revelation is crucial as it calls into question the financial decisions made by the council, including the spending cuts that followed the bankruptcy declaration. Understanding the true financial state of the council can impact future governance and public trust in local authorities.
Read full article
via The Guardian
Latest from Financial Markets
Citibank Slashes Base Lending Rate to 7.00% Effective Today – A Game-Changer for Borrowers in Tough Times
Finance Monthlyan hour ago
Citibank Slashes Base Lending Rate to 7.00% Effective Today – A Game-Changer for Borrowers in Tough Times
PositiveFinancial Markets
Citibank has made a significant move by reducing its base lending rate to 7.00%, effective immediately. This decision is a game-changer for borrowers, especially in challenging economic times when many are seeking relief from high interest rates. By lowering the cost of borrowing, Citibank aims to support individuals and businesses alike, making loans more accessible and affordable. This could stimulate spending and investment, ultimately benefiting the broader economy.
Read full article
via Finance Monthly
Inflation Risks to Keep Gold Attractive, Weaken Bonds
The Wall Street Journalan hour ago
Inflation Risks to Keep Gold Attractive, Weaken Bonds
PositiveFinancial Markets
Gold prices are on the rise as inflation risks persist, according to Harbor Capital. With Federal Reserve Chair Jerome Powell highlighting these risks, investors may consider shifting their portfolios by selling bonds and investing in gold. This trend is significant as it reflects a growing confidence in gold as a safe haven during uncertain economic times.
Read full article
via The Wall Street Journal
This or That: Bull market or bust?
TheStreetan hour ago
This or That: Bull market or bust?
NeutralFinancial Markets
In a lively segment titled 'This or That,' Sonali Basak, the Chief Investment Strategist for iCapital, engages in a rapid-fire game discussing the current state of the market. This playful yet insightful exchange sheds light on the contrasting views of a potential bull market versus a downturn, making it relevant for investors looking to navigate these uncertain times.
Read full article
via TheStreet
The uncomfortable secret of successful people: Forget work-life balance, you have to be ‘obsessed’, ex-Wall Streeter and business coach says
Fortunean hour ago
The uncomfortable secret of successful people: Forget work-life balance, you have to be ‘obsessed’, ex-Wall Streeter and business coach says
NeutralFinancial Markets
A former Wall Street professional and business coach argues that true success requires an obsession with one's goals rather than a focus on work-life balance. She emphasizes that this relentless pursuit can lead to inevitable victory, suggesting that those who are willing to think and act continuously are more likely to achieve their dreams. This perspective challenges conventional views on balancing personal and professional life, sparking a conversation about the sacrifices often necessary for success.
Read full article
via Fortune
Meta Platforms stock price target lowered to $875 at Truist Securities
Investing.coman hour ago
Meta Platforms stock price target lowered to $875 at Truist Securities
NegativeFinancial Markets
Truist Securities has lowered its stock price target for Meta Platforms to $875, reflecting concerns about the company's future performance. This adjustment is significant as it indicates a lack of confidence in Meta's growth prospects, which could impact investor sentiment and the overall market. Investors will be closely watching how Meta responds to these challenges and whether it can regain momentum.
Read full article
via Investing.com
Truist Securities reiterates Buy rating on Glaukos stock after strong Q3
Investing.coman hour ago
Truist Securities reiterates Buy rating on Glaukos stock after strong Q3
PositiveFinancial Markets
Truist Securities has reaffirmed its Buy rating on Glaukos stock following a strong performance in the third quarter. This endorsement is significant as it reflects confidence in Glaukos' growth potential and market position, which could attract more investors and positively influence the stock's trajectory.
Read full article
via Investing.com