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Fresh woes for pound and long-term borrowing costs after US data

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Summary
Nutrition label

72% Informative

Sterling lost almost a cent , to stand just above $1.22 at one stage, on the back of higher support for the greenback.

US employment data came in much stronger than expected, denting the prospects for rate cuts in the UK .

Financial markets now expect to see just one rate reduction by the Bank of England this year due to stubbornly high inflation and flatlining growth.

VR Score

82

Informative language

86

Neutral language

66

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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