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Pound Drops After BoE Decision
(RTTNews) - 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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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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The pound dropped against the U.S. dollar and the euro in the New York session on Wednesday.
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The Japanese yen strengthened against other major currencies in the European session on Wednesday.
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The U.S. dollar weakened against other major currencies in the Asian session on Wednesday.
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The Swiss franc strengthened against other major currencies in the European session on Tuesday.
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The pound advanced against its most major counterparts in the New York session on Monday.
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