Jul 2, 2025
GBP/USD plunges as UK political turmoil rattles markets, Reeves’ future in doubt
The Pound Sterling plummets sharply, more than 1.20% or 170 pips, on Wednesday against the Greenback, amid growing speculation that the Chancellor of Exchequer, Rachel Reeves, could be replaced by the Prime Minister, Sir Keir Starmer.
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