​Pound Surges To 30-Month-High After Bank Of England Holds Rates Steady – Tyler Durden

Pound Surges To 30-Month-High After Bank Of England Holds Rates Steady On the heels of yesterday’s exuberant 50bps rate-cut by The Fed, Bank of England (BoE) officials (in a split decision) decided to leave the Bank Rate at 5.00% (as widely expected). The split of the vote (8-1), however, was somewhat more hawkish than many expected with only one MPC member (Dhingra) voting for a cut. While the MPC stuck to its meeting by meeting approach (saying “[It] will decide the appropriate degree of monetary policy restrictiveness at each meeting”), it added a new sentence saying “in the absence of…  — Continue at ZeroHedge News : Read More