Tight price action limiting sterling losses but outlook dims
Early gains to 1.1693 held some promise for an extended recovery
However, failure to breach 1.1700 has triggered a pullback to 1.1640
Drop under 1.1620, Tues and 2022 low, brings march 2020 lows into range
The UK economy faces a tough winter: new PM, growth concerns and infl.
UK shop price inflation jumps to 5.1% in July - BRC nL8N3063JN
UK business confidence hit again by inflation surge - Lloyds nL8N3064KL
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