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: UK GDP and manufacturing lower than expected 📉Final German CPI in line with expectations
Morning wrap (12.12.2025)
BREAKING: US wholesale sales lower than expected
BREAKING: US jobless claims above expectations🗽