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.

US GDP Ticks Higher, British Pound eyes UK Retail Sales

US GDP crept higher to 2.4% in the third estimate, up from 2.3% in the previous two estimates. The UK releases GDP on Friday, with the markets braced for a weak 0.1% m/m gain in February. The UK will release retail sales on Friday, with a market estimate of -0.3% m/m for February, following a 1.7% gain in January.

27-03-2025 13:05 GMT by Kenneth Fisher

UK Inflation Cools More Than Expected, Pound Loses Ground

UK inflation eased to 2.8% in February, below the January gain of 3.0% and the market estimate of 2.9%. Still, the Bank of England remains concerned about the upside risk to inflation - services inflation remains sticky and was unchanged at 5% in January. The drop in inflation is good news for Finance Minister Rachel Reeves, who delivered the Spring Statement earlier today.

26-03-2025 13:45 GMT by Kenneth Fisher