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Sterling hits two-week low vs euro on worsening risk appetite

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Reuters UK

By Samuel Indyk LONDON (Reuters) – The British pound slid against both the dollar and the euro on Thursday amid worsening risk appetite ahead of the European Central Bank rate decision and amid political turmoil in Italy. The resumption of gas flows from the Nord Stream 1 pipeline had provided some relief but the tone soured after Italian Prime Minister Mario Draghi handed in his resignation for the second time in a week. On the domestic front, pound traders were watching the race to replace Boris Johnson as British Prime Minister, with former finance minister Rishi Sunak and foreign secretary…

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