Effective Exchange Rate History:
Trade-weighted value of a currency against main trading partners
Spot Exchange Rate History:
Effective Exchange Rate History:
Trade-weighted value of a currency against main trading partners
Spot Exchange Rate History:
Is the Bank of England about to make a policy mistake? The question is incredibly important for how the Pound trades over coming months.
November 2,2017
Professor Silvana Tenreyro says she will be inclined to vote for a rate rise in near future but Governor Carney's measured tone disappoints Sterling-bulls who are hungry for hints on potential interest rate rises in 2018.
October 18,2017
The BoE's allusion to a possible rate rise is beginning to look like "policy error", according to one strategist, but if the bank rescinds its earlier guidance then bearish voices around Sterling will be amplified and losses magnified.
October 13,2017
Past cycles show the Bank of England (BOE) usually raises interest rates much more frequently than the market expects, according to research by Nomura, which could mean a stronger Pound going forward.
October 13,2017
UBS foresee two near-term interest rate rises coming out of the Bank of England which goes against consensus expectations for an one-off rate rise in November.
September 20,2017
Carney did little to add renewed impetus to last week's Sterling rally while the bulk of strategists see only a one-time boost from a BoE hike.
September 19,2017
The Bank of England’s Gertjan Vlieghe has hammered home the point that interest rates are to rise for the first time in a decade in late-2017.
September 18,2017
The British Pound has received fresh impetus as another Bank of England policy-setter reinforces the view that interest rate are to rise.
September 15,2017
The British Pound has risen against most major currencies as the Bank of England warns the market is underpricing expectations for future interest rate rises.
September 20,2017
The Bank of England’s Andy Haldane is a wild card among the nine-person Monetary Policy Committee who could light a fire under the Pound Sterling at one of the MPC’s upcoming meetings.
September 14,2017
Thursday’s Bank of England meeting could yield a major repricing of the Pound-to-Euro exchange rate, according to strategists at TD Securities.
September 12,2017
Central banks are likely to set the tone for both the British Pound and Euro over coming weeks, and according to one analyst, this offers the GBP/EUR exchange rate potential relief.
September 5,2017
Brexit risks have not materialised in a meaningful fashion, an economist says, while the Bank of England's post-crisis monetary policy has done all that it can do.
September 6,2017
Beware a pro-Sterling outcome to the Bank of England’s ‘super-Thursday’ event due at mid-day on August 3.
August 9,2017
“Sell GBP/$ into the BoE meeting but 1.2850-1.2900 may be the lowest we get” - Viraj Patel, ING Bank N.V.
August 1,2017
If Nomura are correct, the Pound should receive a positive boost as this is an agressive sign of intent that the Bank of England is fast losing patience with elevated inflation in the UK.
July 15,2017
The Pound might struggle to find further strength against the Euro and Dollar from current levels, even if the Bank of England goes ahead and raises interest rates say a number of researchers.
July 4,2017
The Deputy Governor of the Bank of England (BOE), Sir Jon Cunliffe has tacitly expressed a preference for keeping interest rates unchanged - what does this mean for Sterling?
June 28,2017
Bank of England Chief Economist Andy Haldane sent ripples across financial markets on Wednesday, June 22 having stated that a “partial withdrawal of the additional policy insurance the MPC put in place last year would be prudent relatively soon”.
June 22,2017
The GBP to EUR conversion has managed to form a base following the declines that came in the wake of the UK’s general election.
June 17,2017
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