Forex Headlines – UK Interest Rate Change
Analyst’s say people are waiting in trepidation for the 1200 GMT UK interest rate decision from the Bank of England.
Consumer spending certainly makes the decision harder for the UK Bank as does the pressures of inflation. Economists are saying that rates may stay the same at 5.5% but that a cut down to 5.25% is possible.
If indeed UK Interest rates stay the same today it is thought a further reduction will take place in February.