Bank of England Holds Again and Sterling Pays the Price

The Bank of England rate decision left policy on hold for a sixth straight meeting, and sterling weakened as other central banks kept hiking. Fiona Cincotta, StoneX Senior Market Analyst, breaks down the vote split, what Governor Andrew Bailey said about energy prices, and where sterling sits in a widening central bank divergence. The committee divided 6 to 3, with three policymakers backing a 25 basis point hike, while headline inflation rose and services inflation held flat. Markets still trimmed rate hike expectations. The European Central Bank and the Federal Reserve have both hiked, and the Bank of Japan is expected to follow. 0:00 Bank of England Holds Again 0:34 Bailey Points to Energy Costs 1:00 Markets Trim Their Hike Bets 1:26 Fed, ECB and BoJ Pull Away 1:44 Sterling Feels the Divergence 2:11 Below the 200 EMA and Falling Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share Like and subscribe for more financial market insights. #StoneX #FionaCincotta #BankOfEngland #Forex