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UK Banks Face Profit Growth vs. Bad Loan Risks; GBPUSD Pressured

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Major UK banks (Barclays, Lloyds, NatWest) are set to report profit growth for H1, but rising geopolitical tensions in the Middle East and higher living costs signal increased bad loan provisions, pressuring the sector and the Pound.
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GBPUSD price history

1.35 +1.50% over the displayed period

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