Bitcoin British Pound Volumes Double As Bank Of England Declares Historic Interest Rate Hike

The Bank of England has decided to increase the interest rate by 0.75% — the biggest interest rate increase of the last 33 years — which resulted in a dramatic increase in Bitcoin (CRYPTO: BTC) trading against the British pound sterling. The Monetary Policy Committee announced on Thursday that the Bank of England decided by a majority of 7-2 to increase interest rates to 3%.