Woman holds British Pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado RuvicWoman holds British Pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado RuvicThe pound headed for its worst performance against the dollar since July on Friday, while also wallowing at 2-1/2-year lows against the euro, reflecting growing investor nervousness about the outlook for UK government finances. Economists at Goldman Sachs changed their forecast for the BOE this week and now see a cut, compared with none previously. Part of their rationale is Reeves' crucial budget, which they think "will deliver a large, contractionary impulse to the economy."

Source: bd News24 October 31, 2025 12:24 UTC