The Bank of England (BoE) has decided to maintain interest rates at 5.25% in its latest meeting, citing ongoing economic uncertainties. This cautious approach reflects concerns about Brexit, global trade tensions, and slowing growth. The decision is expected to impact markets with potential volatility in forex and bond markets. The future of the GBP will hinge on various factors, including Brexit resolution and economic data. The BoE is likely to continue monitoring indicators before making any changes to interest rates. Investors will be watching closely for developments that could influence the UK economy and monetary policy decisions.
The Bank of England (BoE) has decided to keep its interest rates unchanged at 5.25% in its latest Mo...Subscribe to access the full content