The British pound rose sharply after the Bank of England warned of a possible rate hike soon



After the publication of the statement of the monetary policy Committee (MPC) of the Bank of England, the British pound rose to the level of 1.3337 paired with the US dollar, compared to 1.3210 yesterday evening.

In a statement released after the MPC meeting, the regulators made clear that in coming months the rate may be increased. The document States that, if the British economy will fare in the current forecast, “may require a tightening” and “it may be appropriate to some removal of monetary stimulus in the coming months with the aim of ensuring the stability of inflation.”

Following today’s meeting of the MPC kept its key rate at 0.25 percent and left unchanged the amount of asset purchases at 435 billion pounds. For this decision voted 7 out of 9 members of the Committee.




The British pound rose sharply after the Bank of England warned of a possible rate hike soon 14.09.2017

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