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The Economic Times

Business / The Economic Times

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Sterling hovers near six-month high underpinned by BoE rate hike expectations

The pound is maintaining its position close to a six-month peak against the dollar, buoyed by expectations of interest rate hikes. However, analysts predict a minor decline in currency value as year-end economic data rolls in. Attention turns to soaring government debt ahead of the October budget announcement, as the UK aims for significant investments in affordable housing in London.

25 Aug 2026 6:45 pm