LIVE MARKETS-Sterling's potentially shifting fortunes
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Sterling has risen nearly 8% against the dollar this year, but Nomura's FX strategist warns of potential downside risks. Key factors include the Bank of England's quantitative tightening announcement, the upcoming UK budget, and the possibility of a tactical dollar bounce. Additionally, the speculative community is already short on sterling, which may limit negative impacts from further bad news. The STOXX 600 is up 0.4%, with U.S. CPI data and ECB decisions in focus.
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