BOE votes 6:2 against a hike – GBP crashes

— more coming

The Bank of England was expected to leave the interest rate unchanged at 0.25% and vote to do so by a majority of 6 against 2. Last time, 3 members voted for a hike, but one of these voters has since been replaced.

Apart from the rate decision and the meeting minutes, the “Old Lady” also published the Quarterly Inflation Report. This could provide hints about future rate decisions.

GBP/USD was trading around 1.3240 ahead of the publication.

Get the 5 most predictable currency pairs[1]

from Forex Crunch

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