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Pound drops on Bailey’s remarks; Yen flirts with intervention again

Pound drops on Bailey’s remarks; Yen flirts with intervention again

Global Market Insights - Forex, Futures, Stocks

October 12, 20225m 24s

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BoE Gov. Bailey rules out extending bond-buying support. Intervention warnings resume as yen tumbles to fresh lows. Dollar eases ahead of US inflation data. IMF downgrades world growth forecasts, warns of recession.

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