BOE & ECB Hold interest rates

Yesterday saw the Bank of England hold rates alongside the European Central Bank. This saw a slight spike in the market which now seems to have started slipping back away again as analysts now believe there is an extremely high chance of a rate cut in June.

All eyes will now be on the BOE minutes released in two weeks, that will show which way the nine members of the Monetary policy committee voted, should this have been a tight decision that would certainly give further proof that a rate cut may be imminent.

This is a brief summary of today's report. Click here to read the full report on our main website

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Have a great day and thanks for reading!

Daniel Wright