Pound drops over BoE’s Chief Mark Carney’s statement

  • Jan 09, 2020 GMT
  • Team Kalkine
  As on January 09, 2020, the British currency tumbled against the US Dollar, after Bank of England Chief Mark Carney said that policymakers might deliver a comparatively prompt response if it is found that weakness in the UK’s economy is building up. At the time of writing (at 03:33 PM GMT), GBP traded 0.51% lower at 1.3041 against the US Dollar.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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