Thu, 17 Mar 2022 12:03:13 GMT
Bank of England hikes interest rates
At 12:00 GMT on Thursday, the Bank of England hiked its Official Bank Rate by 0.25%, increasing rates to 0.75%. The bank also published its Monetary Policy Summary.
The GBP/USD currency exchange rate reacted by plummeting in one minute by more than 60 base points or 0.45%.