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The British Pound is trading near a five-week high against the US dollar, driven by positive UK economic data and widespread market expectations of a US Federal Reserve interest rate cut, which is weakening the dollar.
Matthews International (MATW) is preparing for a second consecutive proxy contest from activist investor Barington Capital. The company is defending its ongoing strategic restructuring, which includes major divestitures and governance reforms, as the superior path to creating shareholder value.