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Pound Climbs Ahead Of BoE Decision
(RTTNews) - 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 25 basis points to 4.75 percent from 4.50 percent.
Ahead of the decision, the pound advanced against its major counterparts.
The pound was worth 1.2788 against the greenback, 181.69 against the yen, 1.1420 against the franc and 0.8607 against the euro at 6:55 am ET.
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Euro Drops Against Majors
The euro weakened against its major counterparts in the New York session on Thursday.
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Commodity Currencies Slide, Yen Rises Amid Cautious Trade
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, as traders remain cautious amid continued uncertainty surrounding U.S. President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K.
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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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Swiss Franc Weakens Against Majors
The Swiss franc fell against its major counterparts in the New York session on Wednesday.
The franc edged down to 1.1182 against the pound and 0.8436 against the greenback, from an early high of 1.1117 and a 5-day high of 0.8324, respectively.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the European session on Wednesday.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday.
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Swiss Franc Rises Against Majors
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