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Pound Climbs After BoE Decision
(RTTNews) - As expected, the Bank of England raised the benchmark interest rate by 25 basis points to 4.50 percent. Following the decision, the pound advanced against its major counterparts.
The pound was trading at 169.40 against the yen, 1.2595 against the greenback, 0.8671 against the euro and 1.1260 against the franc around 7:04 am ET.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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Pound Rises Against Most Majors
The British pound strengthened against most major currencies in the European session on Thursday.
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The Japanese yen strengthened against other major currencies in the Asian session on Thursday, as the Bank of Japan (BoJ) raised its inflation outlook in July and kept the door open for an imminent interest rate hike by the end of current year.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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The U.S. dollar continued to trade lower against other major currencies in the European session on Wednesday, as the U.S. Consumer Price Index data from July has raised expectations that the Fed would lower interest rates in September.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the European session on Wednesday.
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