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Home » Sterling stays at three-month low as traders temper rate hike bets

Sterling stays at three-month low as traders temper rate hike bets

    Sterling held at a three-month low against a stronger dollar on Thursday, as traders focused on dovish signals from the Bank of England and moderating corporate inflation expectations. Sterling softened versus the dollar as a result. "In the UK we also had Bailey's comments yesterday which were quite dovish, at least on the surface, and this means that sterling was coming into today's session with weak momentum," said Francesco Pesole, FX strategist at ING.

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