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Pound Rally Fizzles as Burnham Keeps UK Fiscal Plans Unclear
The pound's rally is at risk due to the UK government's unclear fiscal plans and the potential for fewer interest-rate hikes, which could reduce the currency's high-yield appeal. Burnham is linked to maintaining this uncertainty.
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Adjacent reporting
- Traders' Burnham bets pile pressure on sterling
- Pound heads for worst week in 18 months as Burnham lines up Labour bid
- Pound Defies Expectations as Traders Give Burnham a Chance
- Fears Burnham tax rises will strangle economy as figures show growth already stalling - but Pound rises as traders bet 'Red' Ed Miliband WON'T be Chancellor
- Pound Falls to One-Month Low on Burnham Running for Parliament