<p style="" class="text-align-justify">He says that they had previously had the presumption that the economy would evolve as they thought it would, which would have warranted a series of aggressive rate hikes and he also highlighted on the removal of the word "forceful" – which I highlighted <a href="https://www.forexlive.com/centralbank/boe-raises-bank-rate-by-50-bps-to-400-as-expected-20230202/" target="_blank" rel="follow">here</a>.</p><p style="" class="text-align-justify">The headline remark has sent the pound to fresh lows with EUR/GBP hitting 0.8955 and GBP/USD just under 1.2270 on the day.</p>
This article was written by Justin Low at www.forexlive.com.
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