21 Hrs
Source:
الاقتصادية
Sterling poised for best week in month
The British Pound experienced a strong performance during the week, recording its best gains since mid-May, supported by a decline in the dollar and hopes for a peace agreement in the Middle East. Despite a slight retreat against the dollar to $1.3403 on Friday, it continued to achieve weekly gains of approximately 0.5%. Markets are now focused on upcoming political and economic developments in the United Kingdom, especially local elections, and are awaiting the Bank of England's decision at its upcoming meeting on June 18, where interest rates are expected to remain unchanged despite inflation pressures and economic repercussions.
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