The Bank of England, in London, has entered discussions regarding the UK’s interest rates, a decision that is crucial for the economic well-being of the nation. A meeting is scheduled for May 9, 2024, with speculation pointing towards the…
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.
Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows: → rate hike – 0 votes, cut – 2 votes, unchanged – 7 (0 – 2 – 7); → forecast: 0 – 0 – 9; → previous…
Like the Federal Reserve, the Bank of England is battling inflation. However, Governor Andrew Bailey is a little more optimistic about future rate cuts than Fed Chair Jerome Powell.