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Speaking to reporters following his speech,  Bank of England Deputy Governor Ben Broadbent said he  had not yet decided how he would vote at the BoE’s August Monetary Policy Committee meeting next week when asked and added that he would not reveal it even if he had decided, as reported by Reuters.

The initial market reaction dragged the GBP/USD pair to a daily low at 1.3080. As of writing, the pair was trading at 1.31, losing 0.2% on the day.