Forex Top Team

Pound selling reaction, Bank of England interest rate hike to 3%, two committee members insist on a small interest rate hike

The Bank of England raised the interest rate by 75bp to 3.00%, as expected by the market. The vote was split 7-2, with Tenreiro calling for a 25bp hike and Dingla for a 50bp hike. Peak interest rates are likely to be lower than the market suggests, he said. Pound selling reaction immediately after the announcement


From here, I went to sell GBP earlier.

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