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The pound fell below $1.34 toward a seven-week low as cautious BoE comments, high UK inflation, political borrowing plans and weak gilt demand, combined with stronger US GDP, strengthened the dollar …
GBPUSD hovered near two-week lows around $1.346 as a UK borrowing surprise and BoE caution weighed, with markets awaiting S&P flash PMI and central bank remarks amid rising gilt yields.
GBP held near a ten-week high above $1.363 as markets await a BoE rate hold and slower bond unwind; UK inflation and jobs were steady. Broad USD weakness is expected after a likely Fed rate cut, supp…