Sea of red as Lloyds, Barclays, HSBC, share prices dip after BoE
UK bank stocks continued their sell-off after the Bank of England (BoE) delivered a bigger rate hike than expected. The bank hiked by 50 basis points and pushed the official lending rate to 5%, the highest level in more than a decade. As I wrote here, most analysts were expecting…
June 22, 2023