Stocks Struggle as Miners Drop; Pound Jumps on BOE: Markets Wrap

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The rally in risk assets took a breather amid further signs China’seconomy is cooling. That weighed on commodities including base metals, which in turned dragged down mining stocks. Most major currencies drifted before U.S. inflation data, while the pound jumped as the Bank of England held interest rates but signaled the possibility of stimulus reduction.

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