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The rise of the dollar against sterling was also affected by British domestic factors, after the British government announced last week a plan to cut taxes and increase borrowing.
This decreased sterling to $1.0327 on Monday, a record low, after settling near the $1.1300 level ahead of the UK’s budget announcement last week.
NATO Secretary General Jens Stoltenberg said the Nord Stream pipeline leaks were an act of sabotage, adding that he had discussed the protection of critical infrastructure in NATO countries with the Danish Defense Minister.
“I discussed the Nord Stream pipeline sabotage with Defense Minister Morten Podskov,” he wrote on Twitter.
“We discussed the protection of critical infrastructure in NATO countries,” he added.
The Bank of England announced on Wednesday that it will carry out temporary purchases of long-dated UK government bonds from September 28, as reported by Reuters.
“The purpose of these purchases will be to restore orderly market conditions,” the BoE explained.
The data published by the US Census Bureau showed on Wednesday that the US international trade deficit declined by $2.9 billion to $87.3 billion in August from $90.2 billion in July.
