BOE Preview: Hike Expected, Guidance Will Drive GBP

The Bank of England is poised to lift its Bank Rate by 25 basis points to 4.00% today.

Source: DepositPhotos

The Bank of England is widely expected to deliver its first hike of this cycle today, lifting Bank Rate by 25 basis points to 4.00%, with the vote split, guidance, and updated inflation forecasts set to determine the sterling reaction.

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