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What's a 'six-month peak'?

The story mentions the pound hit a 'six-month peak' last week, meaning it reached its strongest point against the dollar in half a year. When a currency reaches a peak, it's good news for UK buyers of foreign goods and services, as their money has more purchasing power internationally.

Stories that explain this

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

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