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U.K. Retail Sales Data: Sterling rose after U.K. retail sales increased by 0.6% in July, surpassing the 0.5% forecast, amid uncertainty regarding future interest-rate cuts from the Bank of England due to inflation concerns.
U.S. Dollar Movement: The dollar declined as markets awaited the U.S. nonfarm payrolls report, with expectations of modest job growth and a slight rise in the unemployment rate, influencing potential Federal Reserve interest-rate decisions.
