Thu, 04 Aug 2022 11:06:02 GMT
Bank of England increases Official Bank Rate
The Bank of England has just now hiked its Official Bank rate by 0.50% from 1.25% up to 1.75%. In addition, the central bank has published its Monetary Policy Summary.
The Pound's value immediately adjusted to the news with an immediate spike up above 1.2210 and a follow up decline a minute after the announcement.