Sterling falls as PM Truss defends economic plans and dollar rises ...Middle East

Sterling fell as much as 1% on Thursday before cutting some of its losses, as the dollar wavered and British Prime Minister Liz Truss defended the government's economic plans that have contributed to the drop in the pound. Truss said big tax cuts were the right path for Britain and refused to consider reversing the so-called "mini-budget" laid out last week, which triggered chaos in markets.

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