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BOE cuts rates to three-year lows
The UK interest rate decision was released on Thursday at the conclusion of the December 18 meeting, with the Bank of England cutting interest rates by around 25 basis points to a range of 3.75%, the lowest level since December 2022, in line with market expectations, marking the fourth step of British monetary easing this year.
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Oil stabilizes on potential US sanctions on Russia, seige of Venezuelan tankers
Oil prices were steady on Thursday, as investors weighed the possibility of additional US sanctions on Russia alongside supply risks stemming from a blockade of Venezuelan oil tankers.
MoreDollar maintains gains before major central banks decisions
The dollar recorded a modest rise against major currencies on Thursday, as markets positioned ahead of central bank decisions in the UK, Europe, and Japan.
MoreGold moves in a negative zone before US inflation data
Gold prices retreated in the European market on Thursday, moving into negative territory under pressure from the continued recovery of the US dollar against a basket of major global currencies, ahead of the release of key US inflation data.
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