# Apple hits $1trn stock market valuation; Bank of England raises interest rates - as it happened | Business | The Guardian

> The Bank of England voted unanimously to raise interest rates, and Apple reached a $1 trillion stock market valuation on the same day. The vote was 9-0, which was more hawkish than many experts had expected.

- Date: 2018-08-02 · published 2018-08-02T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/63785-apple-hits-1trn-stock-market-valuation-bank-of-england-raises-interest-rates-as
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The rate decision and the equity valuation have no direct bearing on feed grain, oilseed or livestock supply and demand. Market effects on commodities would be marginal.

## Sources

- theguardian.com: https://www.theguardian.com/business/live/2018/aug/02/bank-of-england-interest-rate-decision-mark-carney-sterling-brexit-business-live

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.