Pound Drops After BoE Decision
15 December 2022 - 6:02PM
RTTF2
As expected, the Bank of England raised its key rate by 50 basis
points to 3.50 percent from 3 percent. Following the decision, the
pound fell against its major counterparts.
The pound was trading at 1.2306 against the greenback, 168.12
against the yen, 1.1425 against the franc and 0.8627 against the
euro around 7:04 am ET.
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