The Bank of England announced a monetary policy decision at 12:00 pm GMT. Decision was closely watched as some economists expected that the bank will deliver a 15 basis point rate hike while others believe that bank will leave rates unchanged despite mounting inflationary pressure and as the imposition of tougher restrictions against COVID-19 in England threatens the economic recovery. Actual decision showed that the Bank of England raised its benchmark interest rate to 0.25 % and left the bond-buying programme at £875 billion.
GBPUSD rose after today's BOE rate decision and is heading towards the resistance level at the 1.3500. Source:xStation5
BREAKING: Canadian Wholesale & Manufacturing Sales higher than expected 📊USDCAD reacts
BREAKING: EU GDP data slightly above expectations! 📈💶
DE40: European markets extend decline
BREAKING: French and Spanish inflation came in line with expectations 📌
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
