Sweet Crude Reports

Sterling awaits UK Budget, dollar finds footing as SVB fears

Sterling and euro steadied ahead of British government's budget announcement later on Wednesday and the European Central Bank's looming interest rate hike on Thursday.The dollar was also stabilising as fear of a banking crisis ebbed and investors dialled back bets on U.S. rate cuts.Sterling edged 0.11% lower at $1.2146 against the dollar and flattened at 88.24 against the euro with finance minister Jeremy Hunt due to make a budget speech to parliament at around 1230 GMT. Hunt is expected to announce how he will try to prop up the world's sixth-biggest economy.

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