Sterling dips below $1.40 on U.S. Fed hawkish surprise

LONDON — Sterling fell below $1.40 against a strengthening dollar on Thursday after the U.S. Federal Reserve surprised markets by signaling it would raise interest rates and end emergency bond-buying sooner than expected. U.S. central bank officials moved on Wednesday their first projected rate increases from 2024 into 2023, signaling the United States will begin […]
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