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GBP/USD plunges as UK political turmoil rattles markets, Reeves’ future in doubt

The Pound Sterling plummets sharply, more than 1.20% or 170 pips, on Wednesday against the Greenback, amid growing speculation that the Chancellor of Exchequer, Rachel Reeves, could be replaced by the Prime Minister, Sir Keir Starmer.
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USD/JPY gains modestly as US Dollar stabilizes despite soft ADP report

The Japanese Yen (JPY) loses ground against the US Dollar (USD) on Wednesday, as the Greenback recovers slightly after hitting its lowest level since February 2022 the previous day.
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