Bank of England to Hike Rates First Time in 3 Years — SkimNews
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- Bank of England is expected to raise interest rates today for the first time in more than three years, a move Reuters, BBC and The Guardian all describe as imminent.
- Pound hit its highest level since the Brexit vote, with The Guardian reporting the currency's peak alongside the Bank of England's rate decision.
Why it matters: Three years without a hike makes this a reset of the rate baseline rather than a routine tweak, and the pound's strongest level since the Brexit vote shows currency markets already moving with the decision. For the Bank of England, the three-year gap marks a concrete break from that stretch of unchanged rates.
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