Bank of England (BoE) news

The Bank of England (BoE) is the central bank of the United Kingdom. Its primary objective is to maintain price stability, targeting a 2% inflation rate. The BoE uses interest rate adjustments and quantitative easing to influence the economy and achieve its inflation target. It also plays a key role in ensuring financial stability in the UK.

Asia open: Wall Street slumps as Kevin Warsh delivers hawkish hold, GBP/USD’s plunge hits support ahead of BoE

Global markets reacted sharply after the Federal Reserve delivered a hawkish hold at its June 2026 FOMC meeting. New Fed Chair Kevin Warsh kept interest rates unchanged but surprised investors by removing traditional forward guidance and signalling a stronger data-dependent policy framework. The shift triggered a selloff in US equities, boosted the US dollar, pressured gold prices, and reinforced expectations that the Fed could still raise interest rates before the end of 2026.

18-06-2026 04:39 GMT by Kelvin Wong

Chart alert: GBP/USD potential bullish reversal above 20-day moving average

GBP/USD is showing signs of a potential bullish reversal as sterling remains supported above key technical levels despite renewed US-Iran tensions. Traders are closely watching the US non-farm payrolls, unemployment rate, and Michigan consumer sentiment data for fresh directional cues. Intermarket analysis suggests the Bank of England may stay more hawkish than the Federal Reserve, while technical indicators point to strengthening upside momentum toward the 1.3640/3665 resistance zone.

08-05-2026 05:37 GMT by Kelvin Wong