The Bank of England raises rates by 25 bps to 4.50%
On Thursday night, the Bank of England raised the interest rate by 25 basis points to 4.50%, meeting Mitrade's estimates. Meanwhile, investors expect UK GDP readings in April to slow from 0.6% to 0.2%, and GBP/USD plunged 115 pips to 1.2509.
EUR/USD fell 66 pips to 1.0914, and AUD/USD declined 77 pips to 0.6701. USD/CAD surged 121 pips to 1.3491, and USD/JPY increased 20 pips to 134.54.
Spot gold dropped $15 to $2,015.09 an ounce, and WTI oil futures slipped $1.69 to $70.87 a barrel. Bitcoin and Ethereum slowed to $26,875.0 and $1,785.66 respectively.
The Nasdaq 100 closed 41 points higher at 13,389, but the Dow Jones Industrial Average declined 221 points to 33,309, and the S&P 500 slid 7 points to 4,130.
EUR/USD fell 66 pips to 1.0914, and AUD/USD declined 77 pips to 0.6701. USD/CAD surged 121 pips to 1.3491, and USD/JPY increased 20 pips to 134.54.
Spot gold dropped $15 to $2,015.09 an ounce, and WTI oil futures slipped $1.69 to $70.87 a barrel. Bitcoin and Ethereum slowed to $26,875.0 and $1,785.66 respectively.
The Nasdaq 100 closed 41 points higher at 13,389, but the Dow Jones Industrial Average declined 221 points to 33,309, and the S&P 500 slid 7 points to 4,130.