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GBPUSD Gains Near Four-Year High as Fed Holds Rates and UK Inflation Stays Sticky

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The Story

News Summary

  • Sterling neared a four-year high against the dollar driven by Fed rate pause and USD weakness, while UK inflation concerns limit BoE rate cuts amid slowing mortgage approvals.
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GBPUSD price history

1.35 +1.50% over the displayed period

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