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.

Podcast - UK inflation relief for BoE, earnings lift US stocks

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the market's response to UK inflation data and how earnings are impacting US stocks.

19-07-2023 17:06 GMT by Craig Erlam

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GBP/USD - UK inflation data offers hope for the Bank of England

UK CPI falls to 7.9% from 8.7%, core CPI 6.9% from 7.1% BoE base rate seen peaking at 5.75% according to markets GBPUSD slips below 1.30 after the data The inflation in the UK is finally on the decline and in a rare show of good news, it's falling at a faster pace than expected on both the headline and core levels. We haven't been treated to many reports like this over the last couple of years, and even when we have any enthusiasm has quickly been extinguished.

19-07-2023 09:09 GMT by Craig Erlam