Sterling Surges Amid UK Growth, Outpacing Dollar ...Middle East

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Sterling Surges Amid UK Growth, Outpacing Dollar
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Sterling surged towards its best two-week performance against the dollar in eight months on Friday, driven by strong UK growth data, while the U.S. economy showed signs of slowing. In the past 24 hours, the foreign exchange market's spotlight was on the yen, which experienced its largest rise since early May following probable intervention by the Bank of Japan, coinciding with the dollar's decline after a soft U.S. inflation report.

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