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Pound holds near one-month high, but new data could shift rates

12 August 2026 · in 80 words

Pound holds near one-month high, but new data could shift rates

The currency settled around $1.35 on Wednesday, just shy of the peak it reached earlier this week. Investors are waiting for fresh figures from both sides of the Atlantic to see what central banks will do about interest rates. Prime Minister Andy Burnham also warned that Britain faces tough financial times ahead of the October budget.

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