🔔 GJ - The pound rises late after the interest rate hike 🔔

16 בנוב׳ 2022

Just one day after the US interest rate hike, the Bank of England’s decision on interest rates in Britain has now been issued, which came in line with experts’ expectations to raise by 0.75%, to now reach 3.00% after it was 2.25%, which is the highest rate since 1989, i.e. 33 years ago , indicating that the Fed is following the Fed's lead in favoring stagnation over inflation.

This decision came after yesterday's decision by the Federal Reserve to raise interest by 0.75%, in conjunction with the suffering of the pound sterling in light of the growing strength of the dollar.