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Sterling slid against major peers on Wednesday, breaking a seven-day rally against the euro, after a bigger-than-expected drop in UK inflation in January…
By Ali Kucukgocmen and Khalil Ashawi
LONDON—The euro and sterling rose against the dollar as UK basic pay growth sped up and eurozone employment ...
The dollar fell on Tuesday ahead of a keenly anticipated inflation report, while the yen strengthened as surprise pick Kazuo Ueda was nominated as the Bank of Japan's next governor. Sterling inched higher after UK job data showing basic pay growth sped up, but the labour market cooled.