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.

Video - GBP/USD slides after Bank of England comments and US data

OANDA Senior Market Analyst Craig Erlam discusses the latest comments from the BoE, the US ISM services PMI and gives his analysis of the GBPUSD chart.

07-09-2023 10:00 GMT by Craig Erlam

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GBP/USD - Sinks to three-month low after BoE monetary policy report hearing

Dovish BoE commentary weighs on the pound Two more rate hikes are still heavily priced in Major support below around the 200/233-day SMA band The monetary policy report hearing can often be a much-hyped but ultimately anti-climactic event, with policymakers sticking to the script whenever possible and the Treasury Select Committee frequently blurring the lines between politics and central banking. While that was probably largely true today, it was interesting that Governor Bailey and his

06-09-2023 17:40 GMT by Craig Erlam