Currency Forecasts

Category: Interest Rate hike


Pound drops despite interest rate hike

Pound Drops: We have seen the Pound drop across the board this afternoon, despite the expected interest rate hike by the Bank of England. All 9 members voted for rates to go up to 0.75%. As we predicted in our…

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Will Bank of England raise interest rates this week?

On Thursday this week, the Bank of England’s Monetary Policy committee will decide whether to raise interest rates from their current 0.5%. In my post yesterday I said that it’s unlikely that they would change this, however I now think…

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Pound tumbles after BoE rate hike

Well there we have it, the Bank of England have, as expected, raised interest rates to 0.5%. This was widely expected and what we are seeing today is a classic case of ‘Buy the rumour, sell the fact’. We have…

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