EUR/GBP to a 2.5 year high.
The news from earlier:
- UK PM Starmer and fin min Reeves drop plan to hike income tax rates
- GBP is taking a hit after the report that Starmer is going to drop plan to hike tax rates
- More on UK drops income-tax hike plans ahead of November budget
Memories of the Russ tantrum are not so old for traders of the UK. Fiscal wobbles like this get a response.
