16 October 2025, 09:56  United Kingdom: Pound Holds Above $1.34 as UK GDP Data Meets Expectations.

The British pound remained above $1.34 after UK GDP data came in line with forecasts, providing some relief to Finance Minister Rachel Reeves ahead of the government’s November 26 budget. The UK economy grew 0.1% in August, rebounding from a 0.1% contraction in July, led by manufacturing, while services were flat for a second month and construction fell. However, an annual expansion of 1.3% is insufficient to offset the need for tax increases. Reeves recently signaled she is considering tax hikes and spending cuts, with the government likely needing to raise around

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