GBP/USD Price Forecast: Tumbles to two-month low, traders ditch GBP on UK's budget The Pound Sterling dropped to a new two-month low of 1.2885 against the Greenback during the session, as UK Gilts rose sharply following the budget release.

The Pound Sterling dropped to a new two-month low of 1.2885 against the Greenback during the session, as UK Gilts rose sharply following the budget release.

GBP/USD extends its losses for the second successive day, trading around 1.2950 during the Asian session on Thursday.

GBP/USD Price Forecast: Rises above 1.3000 after UK’s budget release The Pound Sterling erased some of its earlier losses, climbing above its opening price against the US Dollar, after the UK Chancellor Rachel Reeves revealed its autumn budget.

The Pound Sterling erased some of its earlier losses, climbing above its opening price against the US Dollar, after the UK Chancellor Rachel Reeves revealed its autumn budget.