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.

Hedging the Markets - GBP/USD remains rangebound as Fed and BoE hold

OANDA Senior Market Analyst Craig Erlam discusses the moves in GBPUSD after the Federal Reserve and Bank of England held interest rates.

01-02-2024 16:15 GMT by Craig Erlam

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British pound higher as BoE holds rates

The British pound is higher on Thursday. In Tuesday's North American session, GBP/USD is trading at 1.2731, up 0.32%. BoE holds rates in a three-way split The Bank of England maintained the benchmark rate at 5.25% at today's meeting, as expected.

01-02-2024 12:36 GMT by Kenneth Fisher