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

Share This Post

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. […]

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Trump on Middle East Chaos: ‘It’s Possible We Could Get Involved’ as Markets Brace for Fallout

On Sunday, June 15, 2025, the crypto economy edged up 092%, cruising at a total valuation of $329 trillion Gold ticked higher by 137%, and silver posted a modest 017% gain against the US dollar over

Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In

Brazil’s finance ministry has moved to simplify crypto taxes, swapping a tiered system for a single flat rate On June 12, Provisional Measure 1303 took effect, scrapping the old break that let

Shiba Inu Burn Explodes 3,194%: Can It Change The SHIB Price Trajectory?

Shiba Inu has seen a surge in burn activity, with the burn rate climbing by 3,194% in the last 24 hours According to data from burn tracker Shibburn, over 5216 million SHIB tokens were permanently

$1.5B in Crypto Still Sits in the Ruins of Firms Like FTX, Terraform, Celsius, and Blockfi

Over the past few years, a wave of digital asset firms collapsed for a mix of reasons—some dragged down by earlier disasters like the FTX and Terraform Labs fiascos Here’s a closer look at a

Amid Bitcoin Hype, Seasoned Trader Predicts Sudden Drop To This Level

Bitcoin is at a crossroads again Prices have been bouncing between $61,000 and $104,000 for about seven months That range looks a lot like the $31,000–$64,000 sideways move before the sharp drop in

Bitcoin Golden Cross Suggests Potential Surge To $229,000 – Details

In the past month, Bitcoin (BTC) prices have shown little growth with a range bound movement between $103,000 to $110,000  Since establishing a new all time high of $111,931 in late May, the premier