Pound euro exchange rate: GBP slumps despite 0.25 per cent BoE interest rate hike

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THE pound has fallen sharply against the euro today in the wake of the Bank of England’s interest rate hike to 0.75 per cent. The pairing opened at a level of €1.125 earlier today and rose to €1.128 before the rate hike, but has since dropped to a level of €1.121.

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