Bank Of England Hikes Interest Rates To 4.25%: Pound Edges Higher, UK Stocks Hold Steady

In this photo illustration the Bank of England logo seen displayed on a smartphone screen, with graphic representation of the stock market in the background. The interest rate was hiked to 4.25% according to the Bank of England. RAFAEL HENRIQUE/BENZINGA

The Bank of England raised interest rates by 25 basis points to 4.25% Thursday, as widely anticipated by the market, in a 7-2 vote. 

Bank of England and a light fitting adorned with dragons, the symbol for the City of London on 7th February 2023 in London, United Kingdom. The Pound edges higher as stocks hold steady ahead of the Wall Street open. MIKE KEMP/BENZINGA