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UK Interest Rate Tops 14-Year High

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The BoE raised UK interest rates to their highest level for 14 years as it battles to stem soaring prices.

An increase to 3.5% marked the ninth time it has hiked interest rates in a row.

At 10.7%, the inflation rate remains more than five times higher than the Bank’s 2% target, but it eased slightly in November.

EURUSD 03:20

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