Bank of England meets expectations

Source: Dukascopy Bank SA


The Official Bank Rate of the Bank of England has been published. Markets expected the central bank to keep rate at 5.25%. Bank of England has done, as expected.

Meanwhile, surveyed economists forecast that the Monetary Policy Committee was set to vote with eight members voting for keeping the rate unchanged and one member voting to cut the interest rate. The voting was also guessed right

GBP reacted to the news with a drop downwards.
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