# Sterling hits April low as Reeves hints at tax rises in budget | Reuters

> Sterling fell to its lowest level since April after Chancellor Reeves signalled tax rises in the upcoming budget. The pound dropped as much as 0.64% to $1.3056 and had its weakest month against the dollar since July.

- Date: 2025-11-04 · published 2025-11-04T12:00:00.000Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/22196-sterling-hits-april-low-as-reeves-hints-at-tax-rises-in-budget-reuters
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Fiscal tightening expectations and a weaker pound raise the sterling cost of imported feed inputs priced in dollars.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/uk/sterling-dips-after-reeves-makes-rare-pre-budget-speech-2025-11-04/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.