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The Pound loses its BoE hike bounce before Friday's US payrolls

FXStreetUnited Kingdom

The Pound loses its BoE hike bounce before Friday's US payrolls

The Bank of England (BoE) raised the UK's Bank Rate to 4% on Thursday, as the market had fully priced, and the Pound's six-session climb has stopped just above 1.3500. GBP/USD reached that level on Wednesday, its highest since mid-September, got there again on Thursday and is trading near 1.3450.

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