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British Pound Drops on Rising Rate-Cut Expectations

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The British pound fell below $1.30 Monday amid growing expectations of an interest-rate cut by the Bank of England.

The currency’s decline followed disappointing economic data and comments from U.K. central bank officials in recent days indicating a willingness to cut rates. The weak economic figures suggested uncertainty around Brexit has hurt the U.K. economy more than many analysts had expected.

The…

Source: WSJ.com: Markets