Pound Sterling Slips as BoE Rate Cut Bets Rise, Fed Policy Looms Large

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The Pound Sterling (GBP) weakens against most major peers on Tuesday, excluding the Japanese Yen, as market speculation for a Bank of England (BoE) interest rate cut in August intensifies. A recent Reuters poll suggests a greater than 58% probability of a 25 basis point reduction, although some uncertainty remains due to persistent service sector […]