British Pound (GBP) Price Outlook: GBP/USD May Suffer From UK Tax Hike Plan

British Pound (GBP) Price Outlook: GBP/USD May Suffer From UK Tax Hike Plan https://www.dailyfx.com/forex/market_alert/2021/09/07/British-Pound-GBP-Price-Outlook-GBPUSD-May-Suffer-From-UK-Tax-Hike-Plan-MSE.html GBP could come under downward pressure after its recent advance as UK PM Johnson faces a backlash from within his own party over plans to raise National Insurance to pay for health and social care.

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DailyFX - Market News FX

Japanese Yen remains on the front foot as wage growth bolsters BoJ rate hike expectations 8 December 2025

The Japanese Yen (JPY) attracts some dip-buying at the start of a new week and remains close to its highest level since November 14, touched against a weaker US Dollar (USD) on Friday.

USD/CAD holds onto Friday’s losses around 1.3800, investors await Fed-BoC policy 8 December 2025

The USD/CAD pair trades weakly near its 11-week low around 1.3800 during the Asian trading session on Monday.

China’s Trade Balance: Surplus widens in November as Exports surge 8 December 2025

China's Trade Balance for November, in Chinese Yuan (CNY) terms, arrived at CNY792.57 billion, widening from the previous figure of CNY640.40 billion.

China Trade Balance USD came in at $111.68B, above expectations ($100.2B) in November 8 December 2025

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China Imports (YoY) came in at 1.9% below forecasts (2.8%) in November

China Trade Balance CNY rose from previous 640.4B to 792.57B in November 8 December 2025

China Trade Balance CNY rose from previous 640.4B to 792.57B in November

China Exports (YoY) CNY: 5.7% (November) vs -0.8% 8 December 2025

China Exports (YoY) CNY: 5.7% (November) vs -0.8%

China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November 8 December 2025

China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November

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West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on a three-week-old uptrend and oscillate in a narrow band during the Asian session on Monday.

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GBP/USD consolidates around 1.3330 as traders await Fed rate decision 8 December 2025

The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, around the 1.3320-1.3325 region, during the Asian session.

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Gold price (XAU/USD) trades in positive territory near $4,205 during the early Asian session on Monday. The precious metal edges higher as markets widely expect the Federal Reserve (Fed) to cut interest rates at its December meeting on Wednesday.

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Japan Gross Domestic Product Deflator (YoY) came in at 3.4%, above forecasts (2.8%) in 3Q

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Japan Bank Lending (YoY) registered at 4.2% above expectations (4%) in November

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British Pound (GBP) Price Outlook: GBP/USD May Suffer From UK Tax Hike Plan

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