Bank of England has decided!

Bank of England has decided!

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The Bank of England has decided to leave rates unchanged at 0.1% and to maintain the amount of quantitative easing at £895billion. The British pound retreated after the announcement while FTSE100 stocks have managed to recover in part. While today's decision may have come as unexpected to some, it almost certainly will ensure a rate hike in December as rising inflation continues to be an issue impacting economic recovery.

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Walid Koudmani

Walid Koudmani

Market Analyst working in UK-Italian-Arabic markets covering a broad range of assets including stocks, commodities, FX and crypto. English, Italian and Arabic Speaker with a B.A in Business Management. Quoted in many prestigious publications including the Guardian, Barrons and Lefigaro and winner of bloomberg top forecast rank Q-2/Q-3 2020.