Pound sinks as BoE holds rates despite Fed hike

November inflation at two-year high

Laura Dew
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The Bank of England unanimously voted to hold rates this month, a day after the Federal Reserve hiked interest rates for the first time in a year, sending sterling falling against the US dollar.

In its December meeting, the Monetary Policy Commitee (MPC) voted to hold rates at 0.25% and maintain the current asset purchase programme at £435bn. The news sent sterling falling 0.7% against the...

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