Bank of England increases Official Bank Rate

Source: Dukascopy Bank SA
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.
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