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Sterling hits one-week high against dollar

The British pound rose to a one-week high against the dollar as traders awaited a US inflation report. Meanwhile, investors monitored UK fiscal risks and upcoming budget plans ahead of the October policy meetings.

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A portrait of Britain's King Charles is displayed on a British five pound note in this illustration taken in Manchester, Britain, November 25, 2025. REUTERS/Phil Noble/Illustration

GBP/USD rose 0.1% to 1.3268 by Wednesday morning, hitting a one-week high as traders awaited key consumer price data from the United States.
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