Pound Steadies Amid Rate Cut Anticipations and Bond Yield Dynamics ...Middle East

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Pound Steadies Amid Rate Cut Anticipations and Bond Yield Dynamics
source : Devdiscourse ( Middle East ) () 81
The British pound stabilized on Thursday after a sharp slide on Wednesday, following lower-than-expected inflation figures. The data drove expectations of imminent rate cuts by the Bank of England. Currently, sterling is marginally down, trading at $1.3339 against the dollar, after hitting a low of $1.3307.

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