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Good for the Pound, Hard on Borrowers (vertical) | Market Updates FX Edition 30 Oct 2026
The pound is at a six-week high and UK borrowing costs are at their lowest in over a month, after John Healey's first Budget gave bond investors nothing to fear. But the Bank of England is priced to raise rates next Thursday, and fixed mortgages are near 6%.
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4:48NewGood for the Pound, Hard on Borrowers | Market Updates FX Edition 30 Oct 2026
The pound is at a six-week high and UK borrowing costs are at their lowest in over a month, after John Healey's first Budget gave bond investors nothing to fear. But the Bank of England is priced to raise rates next Thursday, and fixed mortgages are near 6%.
4:41NewNobody Doubts Demand. The Market Wants Cash | Daily Market Updates 30 Oct 2026
Alphabet had its worst day on record, down 12.6% and roughly $500 billion in one session. Amazon's cloud grew 39%, and the stock still fell after hours on a $76 billion capex quarter. Intel dropped about 20% after hours on a weak guide.
4:41NewNobody Doubts Demand. The Market Wants Cash (vertical) | Daily Market Updates 30 Oct
Alphabet had its worst day on record, down 12.6% and roughly $500 billion in one session. Amazon's cloud grew 39%, and the stock still fell after hours on a $76 billion capex quarter. Intel dropped about 20% after hours on a weak guide.
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