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.

EUR/GBP - BoE in wait and see mode with wage growth now key

BoE leaves Bank Rate at 5.25% MPC believes inflation risks are to the upside EURGBP fails to break key resistance zone The Bank of England left interest rates unchanged today at 5.25%, as expected, with the vote widening slightly but remaining very close. The fact that the vote remains close highlights how uncertain the outlook remains in the view of the MPC and how, as Bailey reaffirmed in the press conference after, the risks to inflation are still to the upside. That said, based on its

02-11-2023 13:41 GMT by Craig Erlam

Hedging the Markets - GBP/USD consolidates as BoE holds in another tight vote

OANDA Senior Market Analyst Craig Erlam discusses the latest moves in GBPUSD as the BoE announced its latest interest rate decision and released economic forecasts.

02-11-2023 13:12 GMT by Craig Erlam