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Bank of England – Will the BOE hike Rates

The Bank of England announces wither or not we will pay more for our mortgages today – personally this is a double edge sword – if the BOE hike rates the pounds to euros exchange rate will strengthen and on the flip side i will pay more for my monthly mortgage repayments.

General sentiment is that the BOE will leave rates unchanged but say that the risks are more towards a rate hike as the property market prices march north as reported by Halifax House prices raising 2.4% in Feb and 7.9%.

To Buy Euros today – could be worth a wait to see what happens.