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Showing posts with label sterling. Show all posts
Showing posts with label sterling. Show all posts

GBP Flirts with 2.09

The sterling reached another multi-decade high just beneath the 2.09-level in the Friday session as traders positioned for additional Fed rate cuts while the BoE is seen remaining on hold given recent buoyant UK economic data. The Bank of England deliberate policy and announces its decision next Thursday, with no change is expected.