Pound Surges Ahead of Long-Awaited Budget. Forecast as of 27.11.2025

Fears about a new budget have made the pound an underdog on Forex. However, raising the average tax rate to a record-high 38.2% improved its outlook. Indeed, it was a savvy move by the Labour Party. Now, let's discuss this topic and make a trading plan for the GBP/USD pair.Major Takeaways The UK is raising taxes for the second time in two years. The average tax rate has increased to 38.2%. The markets responded calmly. Long trades on the GBP/USD pair can be considered on a breakout of 1.326.Week