Christopher Nye
on November 4th, 2021 All eyes will be on the Bank of England’s monetary policy meeting today. The pound has moved lower this week as expectations for an interest rate hike have decreased.
However, it’s still possible that a hike could be announced, so the markets will be listening closely for this. A decision to raise interest rates may caused the pound to strengthen, whilst avoiding a hike could cause sterling to weaken.
Many experts are torn on whether an interest rate hike will occur this month or next.
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