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Pound rises over $1.40 as market rally continues – business live

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Commodity prices are surging again today, as the scramble for raw materials continues. Iron ore futures have soared 10% - a quite remarkable move - to fresh record highs, amid very strong demand for steel as economies reopen from the pandemic. On the Singapore Exchange, the June contract of iron ore leaped over 10% to $226.25 a tonne.

 

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