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المشهد العربي
Lebanese pound drops as French bonds rise
The British currency experienced a decline against the euro, with the pound sterling falling to 1.1772 euros after reaching its highest level in three months. This comes amid a recovery in the French bond market and a decrease in its yields, due to investors' concerns about public debt and political tensions in France. Officials from the Bank of England are expected to make statements regarding interest rate hike expectations; the market currently prices in an 80% chance of a rate increase in November, aimed at containing inflation caused by rising energy costs, with expectations of a continued hawkish stance until the end of the year.
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