Pound gets a lift from rate outlook; Sunak heralds FDI boost
The pound gained for a third day on Monday and was on track for its largest monthly rise versus the dollar in a year, largely a result of investors ditching the greenback ahead of what many believe will be a rapid shift to U.S. rate cuts in 2024. Separately, in a potential longer-term boost for sterling, Prime Minister Rishi Sunak announced a raft of foreign investments in Britain ahead of a gathering of business leaders. Sterling has gained nearly 4% versus the dollar this month, but has fared less well ...
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