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Pound struggles to recover as Bank of England moves to calm market
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After a day of hellish headlines and forecasts around Britain's pound, the Bank of England finally weighed in, saying it is "monitoring developments in financial markets very closely in light of the significant repricing of financial assets".
The statement, long-awaited alongside market speculation of intervention from the BoE, came after the pound plummeted to a record low against the dollar during early trading on 26 September, falling below $1.03 — its lowest-ever recorded level.
Referring...
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