Dont be fooled Aug 4 (Reuters) - The Bank of England raised interest rates on Thursday by half-a-point in its biggest move in 27 years to tame inflation.
Central banks in the United States, Canada, Australia, Switzerland and elsewhere have lined up with aggressive rate rises recently and the European Central Bank last month delivered its first rate hike since 2011.
Japan, which is yet to lift rates in this cycle, is the holdout dove among the 10 big developed economies.
In total, those central banks have so far raised rates in this cycle by a combined 1,315 basis points.
ILUV2BUYEM TO LURKERS . COMMENT - Gold must break $ 1822 and hold the Dec futures to see the uptrend in place .
-Real-time Data.
Currency in USD
-
Prev. Close:
1,776.4
-
Bid/Ask:
1,801.80/1,801.90
-
Day's Range:
1,779.40 - 1,804.95
BIG DIFF FROM SPOT
SPOT MARKET IS OPEN
closes in 6 hrs. 43 mins.
Aug 04, 2022 10:17 NY Time
| Bid/Ask | 1787.30 / 1788.30 |
| Low/High | 1769.10 / 1789.70 |
| Change | +21.70 | +1.23% |
| 30daychg | +21.80 | +1.23% |
| 1yearchg | -24.30 | -1.34% |