Pound Rebounds After BoE Decision
02 February 2023 - 6:04PM
RTTF2
As expected, the Bank of England raised its key rate by 50 basis
points to 4 percent from 3.50 percent. Following the decision, the
pound recovered against its major counterparts.
The pound was trading at 1.2368 against the greenback, 158.17
against the yen, 1.1244 against the franc and 0.8896 against the
euro around 7:04 am ET.
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