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BoE hawkish tilt underpins Pound – ING

ING’s Francesco Pesole notes that the Bank of England surprised markets with a unanimous hold and strong guidance that it is ready to act against any inflation spike. Markets added substantial tightening by year-end, though ING views this as too aggressive. The repricing has stabilised EUR/GBP, while GBP/USD remains driven mainly by Oil but supported by the BoE’s hawkish stance.BoE repricing backs Pound but oil still key”The Bank of England surprised on the hawkish side…

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Amazon reportedly reviving smartphone a decade after Fire Phone flop

Amazon is reportedly developing a new smartphone more than a decade after scrapping its Fire Phone, with plans for an AI-driven device integrated with Alexa and its broader services ecosystem. The tech giant’s new effort is called “Transformer” and is being developed within the company’s devices and services unit, according…

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