The Financial Outlook for Personal Investors: Interest rate decisions from the Fed and the BoE

Victoria Scholar of Interactive Investor discusses with Simon Rose the Fed's hiking of interest rates by 75 basis points, with indications they have further to go. The move strengthened the dollar still further. In the UK, the Bank of England opted for a 50 basis point rise, rather than 75 (the highest level since 2008), with the MPC split over the decision. With the pound continuing to weaken, she also discusses why former ratesetter Danny Blanchflower has said investors should short sterling.