![People walk past the Bank of England in central London on Thursday. AP Photo / Frank Augstein](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/IOGUY6JOI2LISOSXEJOPZLEHII.jpg?smart=true&auth=74a3740fb57e6fdd84ce26603d1910ce978c39ff98ec0264e7d12c31ce334566&width=400&height=225)
People walk past the Bank of England in central London on Thursday. AP Photo / Frank Augstein
People walk past the Bank of England in central London on Thursday. AP Photo / Frank Augstein
Pound slumps as Bank of England raises interest rates to 1%
Central bank forecasts 10 per cent inflation and recession