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GBP tests six-week highs ahead of expected BoE hike

The British Pound rallies for a third day against the USD following a soothing UK budget, with traders bracing for a widely expected Bank of England interest rate hike next week.

Original · FXStreet AI summary of public reporting

Why: Expected BoE rate hike next week → GBP rallies

GBP

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At publication → Current
GBP1.341 → 1.343+0.1%
GBP tests six-week highs ahead of expected BoE hike | SignalHub