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The outcome of the Bank of England (BOE) monetary policy decision has just become known. The Bank has done as expected and kept the 5% base rate unchanged. The MPC have voted 8-1 in favour of the status quo. The Bank has also voted 9-0 to further reduce QE by 100 billion Pounds. The GBP/USD has immediately jumped on the news and trading back close to that 1.33 handle again
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