FOREX TradingCharts.com
HOMECHARTS & QUOTESFOREX NEWSFOREX QUOTESLEARN FOREXFOREX BROKER LISTBOOKMARKFEEDBACK

Forex News: Pound Falls Amid Uncertainty Over Chancellor's Future

Pound Falls Amid Uncertainty Over Chancellor's Future

07/02/2025 - 16:02:00 (RTTNews)

(RTTNews) - The pound dropped against its major counterparts in the New York session on Wednesday, following rumours about Rachel Reeves' future as finance minister.

The speculation came after Prime Minister Keir Starmer declined to support the finance minister in the wake of U-turn over spending reforms.

Downing Street said that the finance minister will stay in the post and has full backing from the prime minister.

The political crisis triggered a sell-off in UK government bonds and pushed yields higher.

The pound weakened to an 8-day low of 1.3562 against the greenback and near a 2-week low of 195.35 against the yen. The currency is poised to find support around 1.34 against the greenback and 193.00 against the yen.

The pound fell to 2-1/2-month lows of 0.8670 against the euro and 1.0756 against the franc. The next possible support for the currency is seen around 0.88 against the euro and 1.06 against the franc.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


U.S. Dollar Drops After Powell's Speech (45 min(s), 19 sec(s) ago)
(RTTNews) - The U.S. dollar weakened against its major counterparts in the New York session on Fri ...Full Story»
U.S. Dollar Rises Ahead Of Fed's Powell Speech (39 min(s), 19 sec(s) ago)
(RTTNews) - The U.S. dollar strengthened against other major currencies in the European session on ...Full Story»
U.S. Dollar Rises Against Majors (12 min(s), 20 sec(s) ago)
(RTTNews) - The U.S. dollar strengthened against other major currencies in the European session on ...Full Story»
Yen Falls Amid BoJ Uncertainty (15 min(s), 19 sec(s) ago)
(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Frida ...Full Story»
Yen Falls Against Majors (19 sec(s) ago)
(RTTNews) - The Japanese yen strengthened against other major currencies in the Asian session on F ...Full Story»
Yen Falls Against Majors (19 sec(s) ago)
(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Frida ...Full Story»
U.S. Dollar Climbs Against Majors (09 min(s), 20 sec(s) ago)
(RTTNews) - The U.S. dollar strengthened against its major counterparts in the New York session on ...Full Story»
Euro, Pound Rises After Eurozone, U.K. PMI Reports (30 min(s), 19 sec(s) ago)
(RTTNews) - The European currency abd British pound strengthened against other major currencies in ...Full Story»
Search

FOREX NEWS

U.S. Dollar Drops After Powell's Speech

08/22/2025 - 18:13 PM (RTTNews)
(RTTNews) - The U.S. dollar weakened against its major counterparts in the New York session on Fri ...Full Story>>

U.S. Dollar Rises Ahead Of Fed's Powell Speech

08/22/2025 - 06:08 AM (RTTNews)
(RTTNews) - The U.S. dollar strengthened against other major currencies in the European session on ...Full Story>>

U.S. Dollar Rises Against Majors

08/22/2025 - 05:39 AM (RTTNews)
(RTTNews) - The U.S. dollar strengthened against other major currencies in the European session on ...Full Story>>

Yen Falls Amid BoJ Uncertainty

08/22/2025 - 01:43 AM (RTTNews)
(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Frida ...Full Story>>

Yen Falls Against Majors

08/22/2025 - 00:28 AM (RTTNews)
(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Frida ...Full Story>>
USDCAD
Economic CalendarForex GlossaryForeign Exchange RatesForex Currency TradingForex ChartsCurrency FuturesPrivacy Policy Translate AdvertiseContact Us

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.