The Bank of England Delivers and Cable Drops
The Bank of England did as expected (although maybe one month later) and cut its official interest rate 25bps from 0.50% to 0.25%. The lowest level in it’s entire 322 year history.
Read the full Bank of England Analysis inside the Vantage FX Daily Market Update.
The Bank of England did as expected (although maybe one month later) and cut its official interest rate 25bps from 0.50% to 0.25%. The lowest level in it’s entire 322 year history.
QuoteDislikedGBP Official Bank Rate:
QuoteDisliked0.25% v 0.25% expected and 0.50% previous.
GBP MPC Official Bank Rate Votes: 0-9-0 v 0-9-0 expected and 0-1-8 previous.
Read the full Bank of England Analysis inside the Vantage FX Daily Market Update.
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