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Bank of England leaves base rate unchanged at 5.25%-GBP/USD falls on vote split

The eagerly awaited Bank of England policy decision has now been released. As expected the BOE has left the base rate unchanged at 5.25%. The voting split on that has slightly surprised with an 8-1 split on that. One voter called for a cut in rates. Ahead of this the GBP/USD had fallen to a session low at 1.2746. The reaction to this outcome is rather surprising though, which does make sense and the reason for that is surely due to 2 voters who previous voted for a hike have now moved to keep rates on hold. The GBP/USD fell to a low at 1.2725 on that news. It is just now trading at 1.2737

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