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Story summary
- The UK budget announced on November 26, 2025 is pivotal for the Pound.
- Traders are cautious as the GBP/EUR sits near 1.1379 and the GBP/USD weakens.
- The Office for Budget Responsibility is expected to lower growth forecasts, underscoring concerns about the budget's impact.
- Nomura noted the budget avoided major risks, potentially lifting the Pound against the Euro.
- Market volatility is anticipated as budget details emerge.
