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Pound Climbs Despite Softer UK Inflation – Friday, 25 April
The British pound experienced an upward trend, surpassing $1.33, reaching a seven-month high. This movement occurred even as UK inflation data indicated a slowdown, with headline CPI and services inflation both easing. The weaker US dollar played a significant role in the pound’s rise. The British pound climbed above $1.33, its highest level in seven…
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Pound Hits Seven-Month High on Weak Dollar – Thursday, 24 April
The British pound surged, reaching its highest level in seven months. This movement occurred despite the release of softer-than-expected UK inflation data. The pound’s strength is primarily attributed to a weakening US dollar, influenced by concerns surrounding the Federal Reserve’s independence and potential global trade war implications. UK inflation figures, while lower, have also influenced…
