British Pound At Lowest Levels Since 2003, BoE Voted 9-0 For Rate Cut, King Confirms Recession
The Pound fell to a five low as BoE Governor King confirmed what markets already knew, that the U.K. has entered a recession. The pound would drop to as low as 1.62000 before finding support ending a 1400 bps freefall which started at the beginning of the week. BoE minutes…
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