Breaking: Bank of England hikes interest rates by 25bps to 0.50%, GBP spikes

Breaking: Bank of England hikes interest rates by 25bps to 0.50%, GBP spikes By FXstreetNews Breaking BOE Inflation GBPNZD Currencies

ommittee voted 5-4 in favour of a 25 bps rate hike. The decision was in line with market expectations and marked the first back-to-back rises since 2004. The

A rate rise is needed due to the current tightness of the labour market and signs of greater persistence of domestic cost pressures. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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