Today is a big day for the GBP. The market is expecting a rate hike of +0.25 % from 0.50% to 0.75%. The decision is an interest rate at which the BOE lends to financial institutions overnight. The hike seems to be priced in the market but according to the latest inflation and data, the hike might not be justified.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.