The pound rose at its highest level in three months against the dollar, and the new data indicates that the pace of price growth in the United States may have reached its climax, which weakens the performance of the dollar, and the British currency jumped by 2. 3% to 1. 2028 dollars, exceeding the level of $ 1. 20 for the time The first since mid -August, according to Bloomberg.
This led to the rise in the pound to more than 4% this month, and this represents a great recovery for the British currency, which was heading less than two months ago towards equal with the dollar and was circulated at its lowest level at $ 1. 0350, and the price of consumers slowed down in the United States and came Without expected, it indicates that raising the interest rate by the Federal Reserve may approach its end.
It is noteworthy that the weakness of the American currency was linked to the increasing optimism about China, which reduced attention to dollars as a safe investment, providing comfortable shares and the origins of emerging markets with high risks..
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