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Pound surges as Bank of England holds rates

Policymakers voted 6-3 to hold the UK's key interest rate at 0.5%

Pound surges as Bank of England holds rates

The Bank of England on Thursday left its key interest rate at 0.5%, meeting widely held expectations. But the vote was 6-3, a change from the bank's prior tally of 7-2 to make no changes in policy.

Thursday's decision comes as inflation has slowed to a 2.4% rate but is still above the bank's 2% target.

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