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Sterling is back above 1.2700 against the US dollar as UK interest rate cut expectations ease. Thursday’s US inflation report may add volatility to the pair.

United kingdomAndrew baileyJon hallCarolyn wilkinsSarah breeden boOffice for national statisticsTreasury select committeeBritish poundMost readRespecting multi monthPound technicalWednesday boeSarah breedenFinancial stabilityNational statisticsDoes changing retail sentiment mean