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United Kingdom May 9 BoE Interest Rate remains at 0.5%

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Forex: GBP/USD rises to session highs at 1.5584/89 after BoE

The GBP/USD managed to turn higher during European trading, following what was otherwise a sideways endeavor during the overnight session, which placed the pair in negative territory. However, the vaunted release of the BoE interest rate decision, coupled with other data has left the pair trending higher and establishing intraday maximums in these moments at 1.5584/89.
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