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Market Impact: 0.35
G10’s ‘surprise’ currency star could stumble as peers hike interest rates
Source: CNBC
Currency & FXMonetary PolicyInterest Rates & YieldsFiscal Policy & Budget
Sterling has been supported by UK economic resilience and expectations for further Bank of England rate increases. However, an increasingly dovish BOE stance and an upcoming crucial UK budget create downside risks for the pound and could weaken rate-hike expectations.
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mildly negative
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