Traders are making what one outlet describes as the biggest bets against the pound since the Brexit period as the UK approaches a forthcoming Budget. The move is presented as a sign of market concern over the outlook for the government’s economic plans.
The Daily Mail links the pressure on sterling to political uncertainty, citing a “vote of no confidence” narrative involving Labour. It also notes that Chancellor John Healey is preparing for a speech to Labour Party conference delegates in Liverpool the day after the report, framed as an effort to address “jittery” markets before the Budget.
