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Sterling dips as global stock selloff boosts dollar

The pound fell against the dollar as a global stock market selloff boosted safe-haven currencies. The drop offset positive momentum from the Bank of England's recent rate hike.

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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 fell 0.4% to $1.3399 on Friday as a global stock market selloff boosted demand for the dollar.