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Sterling drops, politics and BoE easing path in focus - REUTERS

FEBRUARY 10, 2026

Feb 10 (Reuters) - Sterling dropped against the dollar and the euro on Tuesday as a broad selloff of the U.S. currency faded, while concerns about British politics and the path of Bank of England monetary policy continued to weigh.

Two-year UK government bond yields were roughly unchanged after falling by almost 11 basis points since Thursday, when the Bank of England kept interest rates on hold, but only after an unexpectedly narrow 5-4 vote.

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