GBP/USD plummets as BoE cut rates unanimously
The Pound Sterling (GBP) fell during Thursday’s North American session, down 0.79% after the Bank of England (BoE) reduced the Bank Rate by 25 basis points. Therefore, the GBP/USD pair tumbled below 1.2400 and hit a daily low of 1.2359. At the time of writing, the pair trades at 1.2405.
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British Pound Sterling US Dollar, Workspace Group PLC. Read MarketPulse (Zain Vawda)'s latest article on Investing.com UK.
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