British Pound: Shorts on the run – ING

ING’s Chris Turner highlights a powerful short squeeze in Sterling, triggered by reports that Shabana Mahmood could become Andy Burnham’s chancellor, a choice seen as less fiscally expansive.
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Silver tumbles as energy-driven inflation fears keep rate outlook elevated

Silver (XAG/USD) falls toward $56.70 at the time of writing on Thursday, down 1.85% on the day. The white metal comes under selling pressure as renewed tensions between the United States (US) and Iran drive energy prices higher, reviving concerns about persistently elevated global inflation.
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