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STERLING SET FOR WEEKLY DECLINE AS TRADERS AWAIT KEY UK ECONOMIC DATA

  • NEWS Desk Global
  • 11 hours ago
  • 1 min read

Sterling steadied against the dollar on Friday after falling to the lowest level this year and was set for weekly declines as traders awaited key data to gauge the state of the UK economy.

Investors are waiting for clearer indications about the economy, with gross domestic product data due on Thursday and jobs data the week after, which could give more clues to the Bank of England monetary policy trajectory.

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