# Pound sinks against euro and dollar as tax rises loom and growth slows | Sterling | The Guardian

> The pound fell to its lowest level against the euro in more than two and a half years after the threat of higher taxes in next month's budget and slowing growth. Sterling also slumped against the dollar after a bigger-than-expected downgrade to the UK productivity outlook.

- Date: 2025-10-29 · published 2025-10-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/22678-pound-sinks-against-euro-and-dollar-as-tax-rises-loom-and-growth-slows-sterling
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Downgraded growth and expected tax increases weigh on sterling, which affects the cost of euro- and dollar-priced feed imports for UK buyers. The currency move reflects fiscal and growth concerns rather than any change in agricultural supply.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- theguardian.com: https://www.theguardian.com/business/2025/oct/29/pound-sinks-dollar-euro-budget-tax-rises-loom

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