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On November 5, 2021, the Financial Times headlined Pound in worst week since August after BoE decision shakes up market. The article mentions The pound
On November 5, 2021, the Financial Times headlined "Pound in worst week since August after BoE decision shakes up market". The article mentions "The pound fell more than 1 per cent [against the US dollar] this week after the Bank of England's surprise decision not to raise interest rates reverberated across markets.
Discuss why the pound depreciated, even though there was no change in the interest rate.
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