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The pound fell to a three-week low against the dollar ahead of the Central Bank of England Interest Rate decision.

GoldenOctober2024

2024-08-01 07:29:58

G-6.45%

The pound fell to a three-week low against the dollar, leading the fall in G-10 currencies, ahead of the Central Bank of England's Intrerest Rate decision. The pound fell 0.5% to 1.2790 intraday, its lowest level since July 10. Traders currently believe there is about a 60% chance that the Central Bank of England will cut interest rates by 25 basis points later today.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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