The British pound remains under pressure as analysts highlight a "growth vacuum" that leaves it vulnerable. With the currency trading at 1.30 against the USD, the lackluster budget proposals have drawn criticism from major financial publications. The Economist referred to the recent fiscal measures as a "bodge-it budget," while the Financial Times characterized it as a "Spend now, pay later" strategy, suggesting a postponement of fiscal difficulties.
The Guardian echoed these sentiments, questioning the long-term implications of this approach. As GBP/USD hovers around key technical levels, traders are keenly watching for potential volatility. Concerns about delayed economic recovery and fiscal constraints may continue to weigh on the pound, impacting its exchange rate against both the USD and EUR, and shaping trading strategies in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 14:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.