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The Independent UK
The Independent UK
National
Shweta Sharma

Pound slips again in Asia trading after rallying due to Bank of England intervention

Bank of England Asia Kwasi Kwarteng
The Independent

The pound fell again on Thursday after it briefly bounced back from a historic low as markets remained cautious of the Bank of England’s forceful measures to stem economic turmoil.

In Thursday’s Asia trading, sterling tumbled 0.8 per cent lower to $1.08, while the euro also took a beating against the dollar.

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