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News 2026-10-01 08:45 UTC

Sterling Slips as Oil Prices Fuel Inflation Concerns

Sterling weakened to around $1.32 at the start of October, near three-month lows, after falling 2% against the US dollar in September as rising oil prices fueled inflation concerns, pushed bond yields higher and clouded the UK growth outlook. Oil prices rose as investors weighed increased Middle East energy flows again