{"id":2017,"date":"2025-07-02T22:51:07","date_gmt":"2025-07-02T21:51:07","guid":{"rendered":"https:\/\/blogdiario.info\/magazine\/?p=2017"},"modified":"2025-07-02T22:59:01","modified_gmt":"2025-07-02T21:59:01","slug":"the-pound-drops-as-rachel-weeps","status":"publish","type":"post","link":"https:\/\/blogdiario.info\/magazine\/2025\/07\/02\/the-pound-drops-as-rachel-weeps\/","title":{"rendered":"The Pound Drops as Rachel Weeps"},"content":{"rendered":"
\n
\"\"<\/figure><\/div>\n\n\n

BlogDiario.info<\/strong>
London, 03\/07\/2025

Rachel Reeves, the newly appointed Chancellor of the Exchequer, couldn\u2019t hold back tears \u2014 or the pound. As Prime Minister Starmer dodged questions about her future, markets didn\u2019t wait for clarification: they dumped assets in a panic, wiping out \u20ac3 billion in a single trading day.<\/p>\n\n\n\n

Ms Reeves cried before, during and after Prime Minister\u2019s Questions, while analysts shed tears for different reasons: the 10-year government bond yield soared to heights unseen since the Truss Era<\/em>. To top it off, the pound dropped nearly 1% against the dollar. No one applauded.<\/p>\n\n\n\n

All of this came after a welfare cuts package \u2014 aimed to save \u00a34.5 billion annually \u2014 was gutted like a fish on a Westminster sidewalk. Now, tax hikes loom like storm clouds over the Treasury.<\/p>\n\n\n\n

\u201cI\u2019m just under so much pressure,\u201d Reeves reportedly told the Speaker before the session. And no doubt \u2014 political, economic and emotional pressure spares no one. But when confidence falls faster than the currency, it\u2019s more than personal: it\u2019s systemic.

\u00a92025 Felix Inkstone – All Rights Reserved \u2013 Copyright \u00a9 2025 ElCanillita.info \/ BlogDiario.info \/SalaStampa.eu, world press service \u2013 Guzzo Photos & Graphic Publications \u2013 Registro Editori e Stampatori n. 1441 Turin, Italy<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Rachel Reeves, the newly appointed Chancellor of the Exchequer, couldn\u2019t hold back tears \u2014 or the pound. <\/p>\n","protected":false},"author":1,"featured_media":2014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[97,109,5,2,64],"tags":[101],"class_list":["post-2017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elcanillita","category-dc24","category-economy","category-issues","category-news","tag-uk","entry","rows"],"yoast_head":"\nThe Pound Drops as Rachel Weeps - BlogDiario Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogdiario.info\/magazine\/2025\/07\/02\/the-pound-drops-as-rachel-weeps\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Pound Drops as Rachel Weeps - 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