UK Chancellor Hunt sets out English ‘investment zones’ ahead of budget

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“Britain’s Finance Minister Jeremy Hunt announced on Monday he would create 12 ‘investment zones’ in England to spur the regional economy outside London, a scaled-back version of a policy announced under former Prime Minister Liz Truss,” reported Reuters during the initial hours of Tuesday’s Asian session.

Despite the price-positive news and the broad-based US Dollar weakness, the GBP/USD pair remains sidelined near the highest levels in a month, recently around 1.2770-80, after rising the most since early January the previous day.

Also read: GBP/USD grinds near one-month high below 1.2200 ahead of UK employment, US CPI

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