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British pound sinks against dollar, set for worst daily drop since March 2020

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On this picture illustration a novelty Bitcoin token is photographed on £10 notes.

Matt Cardy | Getty Photographs

The British pound on Thursday was set for its largest day by day drop for the reason that onset of the coronavirus pandemic, after the Financial institution of England warned of a pointy progress slowdown within the U.Okay. economic system.

Sterling hit a low of 1.2393 towards the greenback early on Thursday afternoon London time, the bottom stage since Jul. 1, 2020.

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