Pound Retreats After BoE Decision
05 May 2022 - 5:06PM
RTTF2
As expected, the Bank of England raised its key rate by 25 basis
points to 1 percent from 0.75 percent. Following the decision, the
pound dropped against its major counterparts.
The pound was trading at 162.13 against the yen, 1.2515 against
the greenback, 0.8460 against the euro and 1.2228 against the franc
around 7:04 am ET.
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