Wise flags currency risks to UK business margins ahead of Autumn Budget
TLT•Wise Group analysis highlighted currency and borrowing-cost risks for UK businesses ahead of the October 28, 2026, Budget. UK 30-year gilt yields reached 6.04%, GBP/USD fell 3.5% from August to early October, and markets priced in around a 1% rise in UK interest rates over the next year.
1. Business cost pressures
Wise Group analysis highlighted currency and borrowing-cost risks for UK businesses ahead of the October 28, 2026, Budget. UK 30-year gilt yields reached 6.04% on October 7, and 10-year yields hit 5.53% on October 8; markets were pricing in around a 1% rise in UK interest rates over the next year.
2. Currency and debt risks
GBP/USD fell 3.5% from August to early October, exposing internationally active businesses to margin pressure. UK public debt exceeded £3 trillion, increasing pressure on Chancellor John Healey to reassure markets about public finances.
