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Sterling hits nine-day high vs euro as spring statement eyed | Malay Mail

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LONDON, March 22 — The British pound strengthened to a nine-day high against the euro today as it continues to retrace losses seen after the European Central Bank and Bank of England policy decisions in the last two weeks. The Bank of England hiked its interest rate by 25 basis points on Thursday...

LONDON, March 22 — The British pound strengthened to a nine-day high against the euro today as it continues to retrace losses seen after the European Central Bank and Bank of England policy decisions in the last two weeks.

“Its strength, despite last week’s dovish hike by the BoE, is a reminder that continental Europe faces the same, if not worse pressure from the current energy shock,” ING said. Sunak, who is preparing the budget update, said today it was more important than ever to take a responsible approach to public finances.

 

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