Bank of England wrong-foots markets as it leaves rates unchanged
The Bank of England wrong-footed investors by keeping interest rates on hold yesterday, but held out the prospect of a stimulus package soon to help the economy cope with Britain's decision to leave the European Union.
The battered pound surged by more than 2pc as the central bank held its Bank Rate at 0.50pc, contrary to widespread expectations of a first cut in more than seven years.
Join the Irish Independent WhatsApp channel
Stay up to date with all the latest news