⭕ The British pound stabilized on Friday and is on track to record monthly gains for the fourth consecutive month against the dollar, supported by positive economic data in the UK, as concerns over U.S. tariffs and rising debt increase, putting pressure on the U.S. currency.
⏪ The pound was last traded at $1.3472, showing little change during the day, but it fell by about 0.5% over the week, after rising about 2% the previous week.
⏪ Thus, the pound is heading to finish May with an increase of nearly 1%, which would mark the fourth consecutive month of gains against the declining dollar. The last time the pound experienced four consecutive months of gains against the dollar was in 2022.
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