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Reuters
February 6, 2025

Yen hits 8-week high; sterling drops after Bank of England rate cut

The pound GBP=D3 fell 0.8% to $1.24065 after the Bank of England cut interest rates as expected, but forecast higher inflation and weaker growth, with two officials calling for an even larger rate cut.

Yen hits 8-week high; sterling drops after Bank of England rate cut

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