Bank of England

The Office of Budget Responsibility has downgraded their forecasts for UK labour productivity, the most notable negative for pound sterling coming out of the budget.

Mark Carney, governor of the BOE, was mildly supportive of remaining in the E.U in a testimony to parliament on Tuesday.

The Bank of England has today announced that it will offer  extra cash facilities to the UK’s banks around the time of the EU referendum.

The British pound has made some hefty gains in the mid-week session despite poor data releases.

Those hoping for better pound exchange rates will be hoping for an assured appearance before parliament by leading Bank of England decision makers today.

The Bank of England (BofE) is tipped to raise interest rates in 2018 by the money markets. But inflation is forecast to be uncomfortably high by the time 2018 comes around.

Pound Sterling Live will once again be the premier destination for coverage and, importantly, reaction to the Bank of England’s February inflation report and rate decision.

Expect pessimism to be the order of the day at the Bank of England on Thursday, but the British pound could actually end the day higher.

Both London and New York saw a major fall-off in trading volumes between April and October 2015. 

The date of the first interest rate rise at the Bank of England now looks to be in 2017.

The recovery seen in the British pound at the start of the week has reversed following dovish comments from a Bank of England policy maker.

Today’s focus from a British pound perspective will be on the Bank of England’s MPC policy announcement and meeting minutes.

The pound has weakened even further following a significant drop in Industrial and Manufacturing Production data, as analysts push back their forecasts of when the BOE is most likely to raise rates. 

A thawing in the views of both hardline hawks and doves on when the BOE might move has narrowed the target range for a possible hike, with June and November especially standing out.  

What do experts really think about when the BOE will make its next move? 

The Bank of England sent the GBP to USD conversion lower having once again blamed the domestic currency for keeping inflation subdued.

ING have suggested the Bank of England is going to have to relinquish concerns over the strength of sterling.

Market-based indicators of when the Bank of England might raise interest rates are showing a delay of over a year, according to Associated Foreign Exchange (AFEX) risk manager Lucy Lillicrap.

We are calling the best pound to euro exchange rate for 2015 as being unachievable again as we see little prospect of the British pound staging a meaningful rally towards and above 1.44.

The British pound declined on Tuesday as the Bank of England’s two most prominent decision-makers gave no suggestions hints that they were near raising interest rates.