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Pound Weakens Below $1.30 for First Time Since November 2020

  • Bets on BOE rate hikes smaller than on the Federal Reserve
  • Investors see pound as stagflation hedge: CA’s Marinov
Updated on

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The pound fell below $1.30 for the first time since November 2020 as traders bet the Bank of England’s interest-rate hikes will lag the Federal Reserve.