Pound hits six-month peak versus dollar
The British pound rose to its highest level in six months against the dollar, reaching 1.3661 USD after the U.S. government announced it would double its purchases of long-term bonds, leading to a sharp decline in 30-year bond yields. This increase occurred despite domestic factors such as rising inflation and a sluggish UK labor market, while analysts expect the Bank of England to keep interest rates unchanged in the coming period.
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