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GBPUSD Tumbles Below 1.34 as UK Political Turmoil Fuels Inflation Fears

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The Story

News Summary

  • GBP tumbles below $1.34, nearing 2% weekly loss amid political uncertainty over Labour leadership succession and rising inflation concerns from energy shocks, while BOE signals potential rate hikes.
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GBPUSD price history

1.35 +1.50% over the displayed period

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