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News 2026-07-07 12:37 UTC

Sterling Eases as Markets Increase BOE Rate Hike Bets

() -- The British pound slipped slightly against the US dollar on Tuesday after rising above 1.34 during Asian trading, as investors increased expectations for further Bank of England interest rate hikes. Higher oil prices, with crude trading above $72 per barrel after attacks near the Strait of Hormuz, lifted inflatio