Thu, 03 Feb 2022 14:14:55 GMT
GBP/USD pierces 1.3600 mark
On February 3, the Bank of England published its Monetary Policy Summary. The bank hiked its interest rate by 0.25% to 0.50%. In addition, the central bank Monetary Policy Committee voted unanimously to start to reduce its stock of bonds. Namely, the bank is starting quantitative tightening.
On the release, the GBP/USD suddenly dropped by 23 base points or 0.17%, before