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Market Insights Podcast (Episode 307)

OANDA Senior Market Analyst Craig Erlam reviews the day's market news with Jonny Hart. They discuss why markets are recovering, oil falling, and the BoE.

17-03-2022 12:52 GMT by Craig Erlam

British pound slips after BoE rate hike

GBP/USD is down 0.28% on Thursday, trading just above the 1.31 line in the North American session. BOE raises rates but sterling falters The Bank of England raised rates by 0.25%, as was widely expected. This was an unprecedented third straight hike from the BoE, but the new record failed to impress investors, as the pound rose steadily prior to the hike, only to fall by 0.8% after the rate move. Why the sour grapes from the markets after a rate hike?

17-03-2022 10:22 GMT by Kenneth Fisher