The Great Britain pound dropped today, extending its decline against the US dollar for the third consecutive trading session, as traders were waiting for the so-called Super Thursday.
On Thursday, the Bank of England will announce its first policy decision this year, release the Inflation Report, while BoE Governor Mark Carney will speak at a press conference. No changes to the existing monetary policy are expected, but traders are worried that the bank’s statement will demonstrate a dovish tone due to Brexit fears. This resulted in the first three-day drop of the pound this year.
GBP/USD dropped from 1.2561 to 1.2516. as of 14:52 GMT today. GBP/JPY declined from 144.25 to 143.01.
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