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.

Week Ahead - RBA rate decision, Fed speak and BoE monetary policy hearing

The month started with a bang with the US jobs report but the following week is looking a little more subdued, starting with the bank holiday on Monday. Economic data is largely made up of revisions and tier-three releases.

01-09-2023 08:02 GMT by Craig Erlam

GBP/USD - BoE rate expectations pared back as PMIs point to recession

UK Services PMI falls to 48.7 (50.8 expected, 51.5 in July) UK Manufacturing PMI falls to 42.5 (45 expected, 45.3 in July) Cable tests support but rebounds for the third time The UK services and manufacturing PMI surveys fell well short of forecasts this morning, the former deep into contraction territory. What's more, the weakness was widespread from new orders to hiring and prices paid, which suggests we're not just talking about a blip in the data, but rather the prospect of a recessio

23-08-2023 11:10 GMT by Craig Erlam