Pound rallies on hawkish Bank of England rate hike, Currencies Direct says
- The pound rallied following a hawkish Bank of England rate hike, with accompanying commentary signaling further increases in coming months.
- Policymakers unanimously backed tightening, with one official favoring a larger increase.
- The US dollar recovered as fading risk appetite boosted safe-haven demand.
- US non-farm payrolls could drive dollar trading today, with an expected acceleration in jobs growth potentially supporting the currency.
- Australian and New Zealand dollars fell amid risk aversion.
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