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Pound Rises Further After BoE Decision
(RTTNews) - In an unexpected move, the Bank of England raised its key rate by 50 basis points to 5.00 percent from 4.50 percent. Following the decision, the pound advanced further against its major counterparts.
The pound was trading at 1.2783 against the greenback, 181.56 against the yen, 1.1422 against the franc and 0.8602 against the euro around 7:04 am ET.
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