9 days ago • Posted by Paul de La Baume

#GBP drops despite #BOE rate hikes

The Bank of England raised rates by 0.5% for the second time consecutively. Officials called the BOE to join global peers in raising rates even faster to fight inflation. Rates are now 2.25%, with rates rising for the 7th consecutive time in a row, with officials voting to tighten policy at every meeting since December.