Pound Drops After BoE Decision
04 August 2022 - 5:07PM
RTTF2
As expected, the Bank of England raised its key rate by 50 basis
points to 1.75 percent from 1.25 percent. Following the decision,
the pound weakened against its major counterparts.
The pound was trading at 162.95 against the yen, 1.2134 against
the greenback, 0.8391 against the euro and 1.1642 against the franc
around 7:04 am ET.
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