General

Pound falls 0.2% against the dollar as markets wait for American inflation data

The British currency slipped from the six-month peak of $1.3675 it recorded last week, while also losing ground against the euro. Because the UK released no major economic updates on Wednesday, financial analysts are focusing heavily on upcoming United States inflation statistics. Those figures will help predict interest rate changes ahead of a major Friday speech from US Federal Reserve Chair Kevin Warsh.

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