Pound Falls Sharply Ahead Of BoE Decision
02 February 2023 - 5:55PM
RTTF2
The Bank of England's monetary policy announcement is due at
7:00 am ET Thursday.The BoE is widely expected to raise its key
rate by 50 basis points to 4 percent from 3.50 percent.
Ahead of the decision, the pound fell against its major
counterparts.
The pound was worth 1.2328 against the greenback, 158.76 against
the yen, 1.1206 against the franc and 0.8921 against the euro at
6:55 am ET.
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