The Bank of England meets on 9th May 2024 to set interest rates.
Will they be kept on hold yet again? Will the next move be up or down, and will the fact that this is an election year influence the decision?
Here are some markets on other UK economic stats:
/SimonGrayson/will-the-uks-monthly-gdp-figure-pub-3246ff166c1e
/SimonGrayson/how-high-will-the-uks-cpi-inflation-4a4c55487ecd
🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ194 | |
| 2 | Ṁ104 | |
| 3 | Ṁ18 | |
| 4 | Ṁ16 | |
| 5 | Ṁ13 |
The Bank of England voted to hold rates steady again. But this time it was closer than last month, it was a 7-2 vote with two members of the committee voting to lower rates and speculation that a rate cut is coming soon.
Will it be next month? Predict here:
/SimonGrayson/will-the-bank-of-england-change-the-dda37e8acd22
And predict tomorrow’s GDP reading here:
/SimonGrayson/will-the-uks-monthly-gdp-figure-pub-64ca6ab09495