Halo Financial are closed from 17:00 - 20:00.
We will be closing the office at 20:00 today, opening again at 08:30 on Friday morning. 
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.
Hide

April 2016

BoE keeps interest rates on hold

Published: Thursday 14 April 2016

As expected, BoE keep interest rates on hold at their historic low of 0.5% amid fears over a possible UK exit from the European Union. Rumours of two members of the MPC calling for a rate cut were false. As a result, GBPEUR dropped from 1.2570 to 1.2530 in the build-up but has now recovered to 1.2550.

85 months is now the longest time without a change in interest rates from the bank of England. It is almost certain they will not make any moves before the referendum in June.

Sentiments from this morning remain as the Dollar continued its rebound and the commodity currency remain strong. 

Latest FX news by Michael Hart

Related Articles


Back to the Top