Bank of England raises rates by quarter point as pound reaches post-Brexit high
- The Bank raised rates by a quarter point.
- The pound reached its highest level since the Brexit vote.
- Economists say further increases depend on inflation and energy prices.
The Bank of England raised its key interest rate by a quarter of a percentage point, with eight of its nine policymakers supporting the move. The decision is intended to guard against higher energy costs spreading into wages and other prices, while the pound has risen to its…