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via fxstreet.comEconomy

Pound little changed vs euro as BoE raises rates to 4.00%

FROM THE WIRE · FXSTREET.COM

The British Pound (GBP) struggles for direction against the Euro (EUR) on Thursday as the Bank of England’s (BoE) interest rate hike draws a muted market reaction, with the move already priced in.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe rate hike was already priced in, so the currency reaction has been muted.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Bank of England raised its rate to 4.00%.
  2. 02The pound struggles for direction against the euro.
  3. 03The market had already priced in the move, limiting the reaction.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
EUR/USDEURUSDFX pair1.1217-0.05%today -0.16%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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