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 - Another BoE hike likely as UK wage growth continues to rise

UK wage growth hits a record high at 8.5% including bonuses Unemployment remains at 4.3% as number of unemployed falls by 207,000 Sterling trades lower after the release The Bank of England may have little option but to raise rates again next week despite comments recently indicating the debate will be fairly balanced. The UK labour market figures offer something for everyone on the face of it but under the circumstances, BoE hawks will likely be more emboldened by the figures than the dov

12-09-2023 06:02 GMT by Craig Erlam

GBP/USD - A Bank of England pause may not be as far away as thought

BoE hints at balanced debate at the next meeting Employment survey points to further weakness GBPUSD nearing major support zone A big couple of weeks are in store for the Bank of England and figures today may support the case for a more balanced debate on 21st September, as policymakers hinted this week. Inflation is by no means under control but it is falling fast and, if the BoE is to be believed, it is expected to fall markedly over the remainder of the year.

08-09-2023 12:00 GMT by Craig Erlam