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المشهد العربي
Pound drops to three-month low
The value of the British pound sterling dropped to its lowest level in about three months against the U.S. dollar, reaching 1.3222 dollars, influenced by the Federal Reserve's hawkish outlook which prompted re-pricing of the US dollar. Analysts pointed out that decreased demand for labor and rising wage entry pressures resulting from higher energy prices are adding to the challenges facing the British currency, which continues to decline for the fourth consecutive quarter.
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