BREAKING: GBP drops in spite of Bank of England rate hike

Bank of England announced a monetary policy decision today at 12:00 pm BST. Bank decided to increase interest rates by 25 basis points with the main rate increasing to 1.00%. Such a decision was expected by the market and by the majority of economists but some hinted at a possibility of a 50 bp move. Bank rate vote 9-0 vs 8-1 expected (Haskel, Mann, Saunders voted to raise bank rate to 1.25%

Policymakers said global inflationary pressures have intensified sharply following Russia’s invasion of Ukraine which has led to a material deterioration in the outlook for world and UK growth.

GBP took a hit following the decision. GBPUSD pair is heading towards support at 1.2420. Source:xStation5

17 April 2026, 8:11 AM

Economic Calendar: A Calm End to the Week!

16 April 2026, 7:11 PM

Daily summary: Rising oil pressures EURUSD, bull run on Wall Street continues

16 April 2026, 6:32 PM

BREAKING: Oil rebounds to $100 as Gulf & European officials see US requiring 6 months for Iran deal

16 April 2026, 7:52 AM

Economic Calendar - Final Eurozone Inflation and U.S. Industrial Production (16.04.2026)

Economic reports

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