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CCY - CCY Delayed price. Currency in GBP
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0.8696+0.0026 (+0.3022%)
At close: 10:28PM BST
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Previous close0.8670
Day's range0.8660 - 0.8700
52-week range0.8494 - 0.9236

    ECB Official Asserts No Further Rate Hike Anticipated, Following Recent Increase

    An official from the European Central Bank (ECB) has recently voiced his stance on the bank's interest rates, following a decision to raise them by 25 basis points. He expressed satisfaction with the current state of affairs and indicated that there is no expectation for a rate hike at the upcoming policy meeting, according to statements made on Thursday.


    Pound gloom to continue as expected BoE rate hike unlikely to stem struggles – The pound extended its gloomy slide against the dollar continued Monday, just days ahead of a widely expected Bank of England rate increase amid fears that a hike will come with side order of dovishness as the central bank is likely to signal that its rate-hike cycle is coming to an end.


    Bank of England hikes key rate by 25 basis points to 4.5% -- The Bank of England increased its key interest rate by another 25 basis points on Thursday, bringing borrowing costs up to 4.50% - their highest level since 2008.