Interactive Investor's head of investment Victoria Schorer wrote in a note that the Bank of England is expected to suspend interest rates after Bank of England Governor Andrew Bailey suggested rates were nearing a peak. said the pound was declining against the dollar. The dollar rose against the pound, she said, after better-than-expected U.S. services Purchasing Managers Index (PMI) data released Wednesday. GBP/USD is trading at 1.2470 after falling to a three-month low of 1.2458, according to FactSet data.
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