BoE Split in Decision to Hike by 50 bps

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BoE Split in Decision to Hike by 50 bps

The Bank of England has followed the footsteps of the US Federal Reserve by hiking interest rates by 50 basis points, lifting the Official Bank Rate (OBR) to 3.5%, the highest since October 2008. The pound initially slipped below the $1.23 handle before bouncing back off the lows, while the FTSE barely reacted. The pound's […]

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Source: BoE Split in Decision to Hike by 50 bps