the start of its sales of billions of pounds of UK government bonds.
"I wouldn’t say this a green light for a big rally," said Antoine Lesne, head of ETF strategy and research for EMEA at SPDR, adding that such moves would be more likely towards the end of the year if it looks like the end of the rate-hiking cycle is coming closer.The British pound was down 0.2% on the day at $1.1335, having eased from Monday's 12-day high of $1.144 .
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