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المشهد العربي
Pound hits one-month low amid energy crisis
The British Pound fell against the US dollar to its lowest level in over a month, reaching $1.3485, amid rising oil prices, renewed concerns about energy supplies, and expectations of a 25 basis point interest rate hike by the Federal Reserve at the upcoming meeting. The market expects the Bank of England to hold interest rates steady on Thursday before raising them in November. Meanwhile, the dollar continues to support the increase as markets await the U.S. interest rate decision.
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