- Analytics
- News and Tools
- Market News
- Reuters Poll: BOE to raise policy rate by 25 bps to 1.25% on June 16
Reuters Poll: BOE to raise policy rate by 25 bps to 1.25% on June 16
55 of 56 economists that took part in a recently conducted Reuters poll see the Bank of England (BOE) hiking its policy rate by 25 basis points to 1.25% on June 16%.
"Roughly two-thirds, 36 of 56 economists, see the next 25 basis point hike to 1.50% in the third quarter, which would most likely come at the August meeting with the next round of quarterly BoE forecasts," Reuters further reported. "Around one-third see rates at 1.75% by-end September, suggesting back-to-back 25 basis point rises."
Market reaction
The British pound stays on the back foot following this headline. As of writing, the GBP/USD pair was losing 0.8% on a daily basis at 1.2215.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
