Pound Drops After BoE Decision
November 03 2022 - 4:04AM
RTTF2
As expected, the Bank of England raised its key rate by 75 basis
points to 3 percent from 2.25 percent.
Following the decision, the pound fell against its major
counterparts.
The pound was trading at 1.1206 against the greenback, 166.03
against the yen, 1.1358 against the franc and 0.8692 against the
euro around 8:04 am ET.
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