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Posted by
Two Blokes May 21 -
Filed in
Forex
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The Pound Sterling rose to a new year-to-date (YTD) high of 1.3468 against the US Dollar on Wednesday as UK inflation rose, drifting away from the Bank of England's (BoE) 2% target, which had led to interest rate reductions earlier in the month. At the time of writing, the GBP/USD trades at 1.3446, up 0.40%.
