Bank of England holds rate at 3.75% as US releases three macro indicators
- —Bank of England held its rate at 3.75%, with the vote possibly splitting 5 to 4
- —UK inflation accelerated to 3.1% in August from 2.9% in July
- —US jobless claims were expected at around 208,000
- —About $746 million was withdrawn from bitcoin ETFs over two sessions
Why it matters: Hawkish BoE signals and strong US data will tighten financial conditions and could add pressure on bitcoin and risk assets.
Source: Journal du Coin