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Pound Jumps as BOE Minority Sees Rate Decision ‘Finely Balanced’
The pound surged the most in a month against the dollar after minutes of the Bank of England’s last policy meeting showed keeping interest rates at a record low was a “finely balanced” decision for a minority of officials. Sterling also gained for a third day versus the euro as policy makers said there’s a risk a stronger currency is feeding through to inflation sooner than anticipated. Sonia forward contracts show investors are ruling out any increase to borrowing costs before the middle of next year after officials voted unanimously in April to keep the main rate at 0.5 percent for a 73rd month. U.K. ... (full story)
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