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GBPUSD Falls Sharply as Bank of England’s Dovish Vote Boosts Rate Cut Expectations

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • The Bank of England's dovish 5-4 vote kept rates at 3.75% but heightened expectations of near-term rate cuts.
  • GBPUSD dropped to a near two-week low while UK gilt yields fell sharply amid lower inflation forecasts and rising political risks.
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GBPUSD price history

1.35 +0.75% over the displayed period

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