Read more
XTB Online Trading

BREAKING: Bank of England hikes rates by 50 bp

12:03 PM 22 September 2022

The Bank of England announced its latest monetary policy decision at 12:00 pm BST today. Economists were expecting a 50 basis point rate hike, to 2.25%, while the market priced a 65% chance of a 75 basis point rate move, to 2.50%. Economists were right this time with BoE delivering a 50 bp rate hike. 5 MPC members voted for a 50 bp rate move, 3 voted for a 75 bp rate move and 1 voted for a 25 bp rate move. MPC also voted in favor of launching active GILT sales, starting from October 3, 2022.

Market reacted with GBP weakening. GBPUSD pulled back from the 1.1350 resistance zone and dipped below 1.13 mark. However, part of the move has been erased since.

Source: xStation5

Share:
Back

Market News

12.05.2025
10:59

Chart of the day: USDIDX (12.05.2025)

The U.S. Dollar Index gained nearly 1.1% at its peak today, reflecting market relief over new trade arrangements between China and the United States. The...

 08:14

US100 gains 3.5% on the US-China agreement 🚀

Shortly after 08:00, the first reports emerged regarding a potential temporary agreement between China and the U.S. to reduce trade restrictions. Details...

 07:41

Economic calendar: Calm before the CPI, China-US talks in focus, WASDE report (12.05.2025)

After a series of central bank decisions, markets are getting a breather thanks to an almost empty macroeconomic calendar—providing a pause before...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits