Important rate announcements made in June in the UK and the US

Important rate announcements made in June in the UK and the US

Interest rates for the Eurozone and US diverge leading to currency fluctuations as investment markets prepare for base rate rises. The US Federal Reserve (the Fed) announced its seventh 0.25% increase in interest rates since December 2015, taking the level to 1.75%-2.00%. This rise had already been factored in to market prices by the time it arrived, so of more interest were the press release and other papers which accompanied the announcement….