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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.

GBP in holding pattern as BoE meets
The British pound has put together an impressive rally this week, with gains of 1.11%. The currency has taken a pause ahead of a key BoE policy meeting later today. BoE expected to hike rates The Bank of England is widely expected to raise rates by 0.25% at today's meeting.
03-02-2022 04:12 GMT by Kenneth Fisher
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Stocks lower after US data, patient RBA, GBP testing 1.35 ahead of BOE, , Bitcoin hovers
US stocks are getting pulled all over the place as investors digest both a wrath of economic data and a chorus of Fed speak that has de-escalated aggressive tightening fears for now.  Impressive earnings from UPS and Exxon helped risk appetite early but that faded quickly as traders remain fixated over everything about inflation.  For about 10-minutes much of Wall Street took a break to hear the news that Tom Brady announced his retirement.
01-02-2022 10:59 GMT by Edward Moya
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