Sterling Collapses after Dovish BoE Hike, Dollar Regains Ground

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Sterling Collapses after Dovish BoE Hike, Dollar Regains Ground

Sterling drops sharply today even after BoE raised interest rate as expected. The trigger was the warning that of recession as high inflation hurts real incomes of household and profits of businesses. Aussie and Kiwi are also trading lower as yesterday’s risk-on rally fades. Dollar, on the other hand, is regaining some of the post […]

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