Thu, 22 Sep 2022 11:10:41 GMT
Bank of England hikes as expected
At 11:00 GMT, the Bank of England voted to hike interest rates by additional 0.50%, as it was expected by the markets. Moreover, the markets expected the decision to be unanimous. The committee voted exactly that way, as all nine members voted for a 0.50% hike.
The GBP/USD reacted to the news with a spike downwards of 79 base points or