Market News
Pound edges up ahead of UK budget - REUTERS
LONDON, Nov 26 (Reuters) - Sterling rallied for a fifth day against a flagging dollar on Wednesday, hours before the British finance minister is expected to announce billions of pounds of tax rises as she attempts to retain the confidence of bond investors and voters.
Rachel Reeves is under pressure to keep Britain's finances on track while sticking to her own fiscal rules. She has been forced to consider a wide range of measures to balance the books in the face of a weaker than previously expected economic outlook and higher debt costs.
