Pound hits two-week high after debt plan U-turn

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Arabnews24.ca:Tuesday 4 October 2022 05:16 AM: Mr Stride said: "If [the OBR forecast] is well received... you might expect the [Bank of England] to come up with a lower level of interest rate rises, which of course once again will be very helpful for those with mortgages, business borrowing, and indeed for the cost of the government servicing its own debt."

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