Daily Market Updates: British Pound faces weekly losses as US PPI keeps Fed hawks in charge

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British Pound faces weekly losses as US PPI keeps Fed hawks in charge

Reported · Written up by our desk · Major Pairs

The British Pound holds steady against the US Dollar on Friday, yet it’s poised to end the week with weekly losses of nearly 0.90%, trading at around 1.3230, up nearly 0.05% after the recent US producer inflation report reached its highest level since 2022.

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FXStreetBritish Pound faces weekly losses as US PPI keeps Fed hawks in charge

Forex

British Pound faces weekly losses as US PPI keeps Fed hawks in charge

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