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Discount retailer says low-income households feel more ‘financially constrained’ than six months ago

Pound falls 0.5% to new 14-month low and Asian equities decline

Investors betting central bank likely to cut borrowing costs by May next year

Investors betting central bank will cut borrowing costs in June next year

Currency’s strength compared with euro and sterling comes after outsize US inflation figures

US currency on track for first negative month of the year after end to months of above-forecast CPI data