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.

British pound steady ahead of BoE rate decision

BoE expected to raise rates at Wednesday's meeting Powell signals two more rate hikes this year The British pound is calm on Thursday. In the European session, GBP/USD is trading at 1.2786, up 0.15%. It has been a quiet week for the British pound, although I expect to see more movement after the Bank of England announces its rate decision later today. Will BoE deliver 50-bp hike? It would be an understatement to say that BoE hasn't gotten the job down on the inflation front.

22-06-2023 05:24 GMT by Kenneth Fisher

Hawkish Powell weighs on stocks, 50 basis points on the table for the BoE

European stocks are poised to open a little lower on Thursday, tracking moves we saw in the US on Wednesday following Jerome Powell's appearance in Congress. The Fed Chair appeared before the House Financial Services Committee and very much stuck to last week's script, which should come as a surprise to no one. Inflation is not under control and the vast majority at the Fed believe more rate hikes will be warranted was the message, although we got that from the dot plot. For once, markets are

22-06-2023 03:48 GMT by Craig Erlam