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UK Interest Rates On Hold For Now

The Bank of England voted 6-3 to hold interest rates at 0.5% for a further month, a move widely expected by economists. However, pressure for an increase has grown on the monetary policy committee (MPC).   Minutes from the meeting showed that the bank’s chief economist Andy Haldane had joined two other members of the rate-setting committee in voting for a hike. Sterling rose from a seven-month low to...