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Small sterling rebound after retreat from $2 mark

This article was originally published in Dairy Markets

Sterling has partially rebounded this morning against the dollar after retreating sharply yesterday from the previous day's 14-year high of £1 = $1.9917. The pound's stumble yesterday followed the release of Bank of England Monetary Policy Committee minutes and comments from the governor which sowed doubts about the chances of more UK rate rises. The surprise hike to 5.25% two weeks ago was voted for by only five of the nine MPC members.

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