Report
Pound-euro hedging costs hit five-month high ahead of UK’s October 28 budget
The FT says Britain faces the G7’s highest borrowing costs and expects the chancellor to focus on interest payments.
TLDR
Bloomberg reported on October 21, 2026, that the cost of hedging against swings in the pound versus the euro had reached a five-month high as traders positioned for the UK budget. The FT says Chancellor John Healey is due to deliver the budget on October 28 and will be keen to get government interest payments under control.
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