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The Independent UK
The Independent UK
Business
Alex Daniel

BIZARRE: Pound gains on the dollar after bank of england caution on future rate cuts - What They Never Told You

The FTSE 100 was weighed down while sterling rose on Thursday (Victoria Jones/PA) - (PA Wire)

The pound regained some of this week’s losses against the dollar after the Bank of England signalled a cautious approach to cutting interest rates.

Sterling rose 0.77% to 1.2982 dollars on Thursday afternoon, following the Bank’s announcement that it would cut rates by a quarter point to 4.75%.

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