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Pound falls as Bailey says rate cuts could become ‘more aggressive’ - latest updates

Telegraph
Summary
Nutrition label

72% Informative

Andrew Bailey said policymakers could become 'a bit more activist' about lowering borrowing costs.

Sterling sank as much as 1pc against the dollar to as low as $ 1.314 .

The pound is on track for its worst day against the euro since March 2023 .

The yield on two-year UK bonds dropped amid increasing hopes of rate cuts.

VR Score

83

Informative language

89

Neutral language

31

Article tone

formal

Language

English

Language complexity

34

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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