GBP/USD

AI take

Sterling is digesting Chancellor John Healey's first Autumn Budget for Andy Burnham's government, which accepted a smaller fiscal buffer, extended energy-bill relief, and raised the bank surcharge for a limited window. The Bank of England has not raised rates this year, and markets still treat a November 5 hike as likely. A firmer yen and softer dollar after the Bank of Japan hold are the next overlay. Watch remaining Fed speakers and that Bank of England decision.

Scheduled take · 2026-10-31T04:10:04Z

• Reuters -- UK budget: Healey accepts a smaller fiscal buffer after global shocks