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Pound strengthens as softer dollar lifts major currencies
Sterling climbed to a twelve-week high versus the dollar as broad dollar weakness and changing interest rate expectations supported major currencies, with investors closely tracking global macro signals and upcoming UK economic data.
The British pound advanced to a twelve-week high against the U.S. dollar, supported by broad dollar weakness in global currency markets. Sterling benefited from shifting expectations around U.S. interest rates and improved risk sentiment. Traders also monitored upcoming UK economic data for signals on domestic growth and inflation trends, while overall foreign exchange movements remained driven by global macro cues.