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Pound weakens against dollar ahead of UK inflation data
Region
- 20 August, 2025
- 09:25
The British pound slipped against the US dollar on Wednesday morning ahead of the release of the UK’s latest inflation figures.
According to Report, trading data showed sterling falling to $1.3473, down from the previous close of $1.3491.
The euro also eased against the dollar, dropping to $1.1633 from $1.1647, while the dollar edged higher against the yen, trading at ¥147.55 compared with ¥147.67 at the prior close.
Meanwhile, the US dollar index — which measures the greenback against a basket of six major currencies — rose 0.09% to 98.37 points.
Later on Wednesday, the UK’s Office for National Statistics (ONS) is set to release inflation data. Analysts expect annual inflation to have accelerated to 3.7% in July, up from 3.6% in June.
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