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GBP/CAD To Rally Into 2022 The Bank of England (BoE) surprise | ForexTradingAsia Trade Signals And Analysis

GBP/CAD To Rally Into 2022

The Bank of England (BoE) surprised the market during their previous meeting in November when it held interest rate unchanged at the all-time low of 0.10% as opposed to the market’s expectation of a rate hike. Last week, the BoE once again caught the market by surprise when it announced a 0.15% hike in interest rate as the central bank was expected to keep rate unchanged amid the rising number of COVID Omicron cases in the United Kingdom.

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