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Pound’s Rally Slows as US Jobs Data Looms

The pound’s recent strong rally has slowed, with traders looking for direction in a quiet week for UK economic data. Sterling is down 0.2% against the dollar, trading around $1.311, after losing over 1% in the past five days. 

The dollar is near a two-week high ahead of key US data, including manufacturing PMI and Friday’s jobs report. These figures will influence whether the US Federal Reserve cuts rates by 25 or 50 basis points in September.

German far right election victory in east

German far right election victory in east Germany’s far-right Alternative for Germany (AfD) party is celebrating a major victory in the eastern state of Thuringia, where it won nearly a…

What Is Israel Doing in the West Bank?

A major operation has been launched in the occupied West Bank by Israeli forces. Today marks the third day of Israeli raids across the north – they claim to have…