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Channel: currency devaluation – Marc Morley-Freer
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Sterling moves sharply upwards on 0-9 BoE voting

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Sterling appreciated sharply yesterday morning in response to a double dose of positive data. The Monetary Policy Committee meeting minutes revealed a surprise 9-0 vote in favour of maintaining the Bank of England’s quantitative easing target instead of increasing it. This caused sterling to jump over a cent against the US dollar and euro as […]

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