Sterling fell against the euro on Thursday a day ahead of gross domestic product (GDP) figures which are expected to show further signs of a weakening British economy. The pound is one of the worst performers out of the G10 currencies this year, having fallen almost 10% against the U.S. dollar in 2022. On Thursday, sterling was roughly flat against a weakening dollar on the back of softer-than-expected U.S. inflation data.
Asian shares advanced after benchmarks closed at three-month highs on Wall Street from a report showing inflation cooled more than expected in July.
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