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European stocks set to open lower ahead of U.S. earnings releases

European stock markets opened lower Friday after three straight gains.

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GBP/USD drifting ahead of UK GDP

UK growth expected to rebound in August Fed members more dovish due to increase in US yields The British pound is calm on Wednesday. In the European sessi

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Sterling had its worst month for a year — and it may fall further

A sharp reduction in peak interest rate expectations and a weak economic outlook are weighing on the U.K. currency.

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Bank of England ends run of 14 straight interest rate hikes

The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations.

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UK economy contracts in July as mild recession looms

U.K. gross domestic product fell by 0.5% in July, below the 0.2% contraction forecast in a Reuters poll of economists.

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