At 9:40 this morning, member of the BoE’s Monetary Policy Committee, Catherine L. Mann will speak following the latest inflation rate. In its February meeting, the BoE voted by a majority of 7-2 to raise interest rates by 50bps (to 4.0%). This was the 10th consecutive rate hike from the bank, which pushed the cost of borrowing in the UK to the highest level since late-2008. Investors will be watching closely to see whether Mann’s comments impact sterling.
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