Pound Sterling Suffers Biggest Drop in 18 Months Amid Reeves’ Tax-and-Spend Storm

Following the latest fund reveal, the lb sterling has taken a crisp tumble, fueled by mounting worries astir the U.K.’s fiscal outlook. Chancellor Rachel Reeves’ determination to pump £70 cardinal into authorities spending—funded done further borrowing—has stirred up important unease among investors. They’re acrophobic this determination could pb to higher ostentation and escalating involvement rates. […]