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Dollar hits nearly two-week high as stocks wobble; pound slides after BoE holds - REUTERS

FEBRUARY 05, 2026

Summary

  • Bank of England leaves rates unchanged, pound drops
  • Dollar strengthens amid risk aversion and central bank decisions

NEW YORK/LONDON, Feb 5 (Reuters) - The U.S. dollar hit a nearly two-week high on Thursday as fresh volatility gripped stocks and the pound tumbled after a razor-thin Bank of England vote left UK rates unchanged.
The greenback found firmer footing this week as investors turned more risk-averse and financial markets assessed U.S. corporate earnings season, now halfway complete.

The dollar largely stayed range-bound after a run of softer U.S. labor data, including jobless claims rising more than expected and unexpectedly low job openings in December.


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