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Pound Weakens as UK Bonds Surge Following Reeves’ Tax Hike Announcement | The Opening Trade 11/4

In a recent address at Downing Street, UK Chancellor Rachel Reeves outlined plans for potential tax increases in her forthcoming budget. She attributed the current economic challenges facing the UK to the previous Conservative government and ongoing global trade tensions. Reeves emphasized her commitment to reducing inflation, which she believes will create the conditions necessary for future interest rate reductions, while also managing the nation’s debt levels and borrowing expenses.

The Opening Trade provides essential insights as European markets begin their trading day. Our unique analysis covers the most significant developments and includes discussions with industry experts who are actively engaged in the market. Tune in to hear from hosts Anna Edwards, Guy Johnson, and Kriti Gupta as they delve into the day’s key financial stories and trends. (Source: Bloomberg)

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