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Sterling slipped about 0.3% against the dollar to $1.3464 on Friday over concerns about Britain's fiscal position, after a think tank proposed taxing banks on their Bank of England reserves. The pound was still on course for a monthly gain of about 2% against the dollar.
UK bank shares fell and the 10-year Gilt yield rose 3 basis points to 4.73%.
Fiscal worries could weigh on sterling and gilts ahead of possible tax increases, while a firmer pound against the dollar lowers the cost of dollar-priced imports for UK feed buyers.
tradingview.comAug 29, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
