Pound rises as UK budget clears and rate hike looms
The pound gained ground against the dollar and euro on Friday following the delivery of the UK government budget. Investors now anticipate an interest rate increase from the Bank of England next week amid rising inflation and steady economic growth.
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The United Kingdom's currency rose 0.4% to $1.3429 on Friday, securing its position as the best-performing major currency of the day. The advance followed a predictable fiscal budget presentation and firm policy expectations.
