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/USD peaks above 1.3000 on UK GDP beat, DXY breaks psychological 100.00 barrier

UK GDP surges 0.5% in February 2025, exceeding forecasts and boosting GBP/USD above 1.3000. The US Dollar Index (DXY) falls to July 2023 lows, breaking the 100.00 barrier. This dollar weakness fuels GBP gains, with technical analysis pointing to potential further upside. Markets await UK wage and inflation data next week for further direction.

11-04-2025 07:54 GMT by Zain Vawda

GBP/JPY Forecast: Triangle Breakout Signals Potential Bullish Rally to 2007 Highs

GBP/JPY shows a potential bullish rally after a triangle breakout. Despite mixed economic data, price action suggests a significant move toward 222.00, last seen in 2007. Technical analysis highlights key support & resistance levels. Key levels for potential pullback opportunities also analyzed.

27-03-2025 14:05 GMT by Zain Vawda