The pound fell to a two week low yesterday after the Bank of England released their report on interest rates. They kept rates on hold at 0.75% as expected. However, two policy makers voted to cut rates by 25 basis points, citing threats to the economic outlook and signs of a turn in the labour market. These are the first votes for a cut since 2016 and are perhaps a sign that the Bank of England may cut interest rates next year.
Election campaigning continued as the Chancellor and Shadow Chancellor laid out plans for spending. The Liberal Democrats, the Green Party and Plaid Cymru formed a pact to not stand against each other in a number of seats, with the aim to focus Remain votes on one candidate.
