Pound Outperforms Euro Zone Markets

The pound edged higher as investor outflows rattled euro zone markets and expectations grew for Bank of England rate hikes. Sterling rose against the dollar and euro while European assets declined.

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FILE PHOTO: Woman holds British Pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

The United Kingdom currency rose to $1.34 on Thursday, outperforming regional peers as investors shifted capital away from euro zone assets.

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