It has been a question of 'will they or won't they' for the past few years but today the Bank of England has raised base rate to 0.75% - only the second time in 10 years.
In a Q&A with Mark Carney, he said in all possible BoE Brexit scenarios, interest rates are high....interesting as it indicates the bank's positive outlook for the UK economy in the years immediately post Brexit, even in a no-deal scenario.
Surprisingly, its had a counter-effect on the pound as it dipped ever so slightly. But this rise should be a positive signal to the market that the economy is picking up and wage growth will increase so maybe we might see the pound finally strengthening in the near term.
Or will we see a cut again when the deal with the EU becomes clearer come autumn?