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Pound Climbs After BoE Decision

As expected, the Bank of England maintained its key bank rate at 0.50 percent and quantitative easing at GBP 435 billion. After the decision, the pound advanced against its major rivals.

The pound was trading at 1.3992 against the greenback, 153.42 against the yen, 1.3215 against the franc and 0.8754 against the euro around 7:03 am ET.

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