“Sam Zief, head of global FX strategy at JPMorgan Private Bank, told CNBC that although sterling’s looking ‘awfully cheap’ at the moment, investors looking to lock in recent gains on the dollar would be better off looking at euros than pounds.”
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Inflation came in at an annual 9% in April, a 40-year high, as food and energy prices continued to spiral. Bank of England Governor Andrew Bailey has warned of an “apocalyptic” outlook for …
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