Bank of England

"We think that recent events have demonstrated that the BoE’s overly complex framework – designed during an era of low and stable inflation – is not fit".

The Deputy Governor of the Bank of England said further interest rate rises are needed as there is a risk the UK jobs market proves more resilient than the Bank's current expectations.

"To put it politely, the closer we look into the report, the greater our disappointment with the MPC."

"The relevant question is whether or not the BoE’s headline-grabbing projections are plausible... in our view, the answer is that they probably are not." - Berenberg.

Michael Saunders has once again reiterated the case for a bold approach to raising interest rates in an effort to stave off surging inflation.

"I expect the market continues to price in too many hikes" - Henry Occleston, Macro Hive.

"Further increases in long-term inflation expectations or a further sharp GBP depreciation could lead to a faster hiking pace in coming months" - Goldman Sachs.

The Pound to Euro rate slumped and was left testing a notable level of technical support on charts after the Bank of England (BoE) appeared to stoke doubt in the market about widely held assumptions relating to its interest rate.

The British Pound has come under notable pressure after the Bank of England raised interest rates but warned the economy was due to slow sharply over coming months.

A falling Pound Sterling boosts UK inflation and is therefore a potential concern for the Bank of England as it goes about its business of setting interest rates and trying to stabilise inflation.

The Bank of England will meet the market's expectation and hike interest rates to 3.0% by 2023, say Capital Economics.

The Pound to Dollar rate tumbled from the outset in the final session of the week with a dive below 1.30 bringing a major level of support near 1.2837 on the charts into view after UK economic data forced financial markets to reconsider the outlook for the Bank of England (BoE) Bank Rate.

The prospect of a 50 basis point hike at the Bank of England in May has been reignited by Catherine Mann, a member of the Bank's Monetary Policy Committee.

Pound Sterling was left trading with a limp against the Euro, Dollar and other currencies early on this week after Bank of England (BoE) Governor Andrew Bailey reminded financial markets of what is increasingly an uncertain outlook for Bank Rate. 

The selloff in Pound Sterling and rates markets following Thursday's Bank of England policy meeting testifies to the scaling back of investor expectations for the number of additional interest rate rises due over coming months.

The British Pound fell sharply in reaction to the Bank of England decision to raise interest rates at a third consecutive meeting.

The Bank of England could keep interest rates unchanged on Thursday, citing the war in Ukraine, in what would amount to a signifiant downside surprise for the British Pound.

Appetite for GBP dampened after BoE testimonies as BoE Gov warns market “not to get carried away”.

"Ramsden eased back slightly on his recent hawkish stance," says a note from TD Securities' global strategy team. "He favours a 25bps hike in March rather than 50bps."

A squeeze on home owners from rising interest rates will become apparent by the second half of 2023 says NatWest Markets, and this will prompt the Bank of England to rein in rate hikes.