Stay 
Trading Conditions
Products
Tools
The Bank of England decided to raise interest rates by 50 basis points to 1.75%.
As a result, GBP/USD fell by 1,400 pips, and currently has good potential for a further decline.
because companies are having trouble hiring the people they need, as well as feel the need to raise prices.
He stressed that the central bank must act to prevent a further growth in inflation, which is rising at its fastest pace in four decades. So far, it is projected to top 13% by the end of this year.
The outlook pushed the FTSE index to close yesterday in negative territory, with significant downside potential.
Bailey said the risk is that high inflation may extend, not going down as what was expected. He added that there is a decrease in the workforce as businesses had trouble hiring people, as well as had to raise prices.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
