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Evening Standard
Evening Standard
Business
Michael Hunter and Daniel O'Boyle

Traders double down on interest rate rise bets as pound hits 15-month high

The pound hit its highest level in 15 months today and Citytraders doubled down on bets for more Bank of England rate hikes after data on wage rises powered through forecasts.

Sterling peaked at $1.2913 after the wages data, taking it up by over half a cent on the day.

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