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Tag: Pound to US Dollar

Sterling Set or Largest Six-Week Fall

The British pound is set to suffer its largest loss in six weeks after taking a 2% hit following the Bank of England's (BoE) largest interest rate hike in three decades. Overall, the pound is down 3.3% this week. While the pound managed to gain...

Sterling Rally Ceases Ahead of ECB Rate Hike

The British pound fell against the strengthening U.S. dollar on Thursday as investors await the latest policy announcement from the European Central Bank. Scheduled for 12:15 GMT, the ECB is expected to announce an interest rate hike of 75 basis points to 0.75%. There...

Pound Crashes Again After Bank of England Rules Out Emergency Intervention

It turns out the recovery of the British Pound was short-lived as the currency started trending back to historic lows against the U.S. dollar once again. This came after the Bank of England (BOE) and the UK Treasury ruled out an emergency intervention to...