Summary
STERLING's seemingly inexorable climb came to a clattering halt yesterday as the Bank of England announced its decision to spray yet more freshly minted money into the financial markets.
Sterling slumped 1.4pc to $1.67 against the dollar, erasing some of a 22pc rally recorded since its March lows. It slid almost 1pc to 1.16euros.See the full content of this document
Extract
Pound Hit As Bank Turns On Taps Again
The declines came as traders digested the downbeat economic assessment that lay behind the Bank's decision to add Poun...
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