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The Economic Times
The Economic Times
Business

Sterling hovers near six-month high underpinned by BoE rate hike expectations

The pound held its ground near a six-month high versus the dollar on Tuesday, underpinned by expectations for interest rate hikes by the Bank of England this year, against the backdrop of ‌concerns around sticky ⁠inflation and ⁠soaring government debt.

Sterling was last at $1.3632, while the euro last bought 85.54 pence.

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