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GBPUSD Slumps to Two-Week Low as Safe-Haven Dollar Surges

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The Story

News Summary

  • The British pound slipped toward $1.35 near a two-week low as geopolitical tensions and energy shock concerns drove risk-off sentiment.
  • Hawkish US Federal Reserve rate hike expectations further strengthened the US dollar against sterling despite persistent UK inflation pressures.
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GBPUSD price history

1.35 +1.50% over the displayed period

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