News and Analysis of Decisions and Events from the Bank of England (the BoE) Monetary Policy Committee (the MPC)
HSBC have become the latest UK lender to predict the Bank of England will begin the process of tightening UK monetary conditions at its May policy meeting, a move that could continue to underpin valuations in the British Pound.
April 28,2021
The Bank of England is likely to follow the Bank of Canada and taper its quantitative easing programme next month, according to analysis from NatWest Markets.
April 27,2021
The British Pound has lost further ground to register a new seven-week low against the Euro over the past 24 hours, as it continues to give back the gains made during the first three months of the year.
April 14,2021
Although the Pound failed to rally in the wake of the March Bank of England decision, the narrative surrounding the central bank and the economy over coming months will likely be supportive of the currency.
March 26,2021
City of London financial markets and Sterling exchange rates were little changed heading into the close on Thursday, indicating investors had priced-in the March monetary policy decision of the Bank of England (BoE) to perfection in a manner that might belie the nuances of economists' views on the subject.
March 19,2021
The Bank of England appears to have disappointed those wanting a stronger British Pound by signalling it would not raise interest rates until inflation in the UK has risen significantly.
March 26,2021
The Pound-to-Euro exchange rate ended the week on its back foot amid further turbulence in the American bond market but kept a toehold on the doorstep of 1.17 and may overcome that on route to new highs this week, as the diverging policy stance of the Bank of England (BoE) vindicates Sterling's rally.
March 15,2021
The UK economy will be boosted by a sizeable pick up in consumer spending in 2021 as pent up savings are spent according to economists at Deutsche Bank, who say that the Bank of England might be underestimating the scale of the consumer-lead rebound.
March 11,2021
The Bank of England's Chief Economist has said UK inflation is likely to rise notably over coming months, a comment that triggered a rally in the yield on UK government yields and recovery in the value of the Pound.
February 26,2021
The Pound has confounded expectations with sharp gains over all major rivals until Thursday, leading to much head-scratching in some parts and prompting Pound Sterling Live to draw on the buy-side expertise of Toscafund Asset Management to tell the untold story of Sterling's steamrolling 2021 rally.
February 25,2021
The Canadian Dollar rallied to a three-year high with gusto on Wednesday, weighing on the Pound-to-Canadian Dollar rate in the process, although Sterling's recently-improved outlook has been buttressed by the prospect of a further dovish turn in monetary policy at the Bank of Canada (BoC).
February 24,2021
The decision is on balance a positive outcome for the British Pound which rallied against the Euro, Dollar and other major currencies following the outcome.
February 18,2021
The Pound was taking a breather from its 2021 rally on Wednesday having eked out gains over only its European counterparts ahead of a Bank of England (BoE) policy decision that will be instructive of the outlook for Sterling and, potentially even other currencies too in the months ahead.
February 3,2021
The Bank of England will cut its basic interest rate and raise its quantitative easing programme to support the lockdown-ravaged UK economy, according analysts at major pan-European lender and investment bank.
February 3,2021
Negative interest rates are unlikely at the Bank of England (BoE) if the latest remarks from Governor Andrew Bailey and Pound Sterling's response to them are anything to go by, although the matter is not decisively settled and at least some derivation of the controversial policy could yet be implemented.
February 2,2021
The debate over whether to introduce negative interest rates at the Bank of England has intensified over the past 24 hours, and the British Pound is reacting by going higher.
January 29,2021
A leading member of the Bank of England's Monetary Policy Committee has given a strong signal that negative interest rates in the UK are potentially on their way, a development that could prove to be a significant headwind to the Pound.
January 12,2021
The Bank of England Governor Andrew Bailey told MPs it was reasonable to assume the EU and UK could reach a deal on financial services by the end of March.
January 6,2021
The Bank of England (BoE) sat on its hand in December when it left interest rates and the parameters of its quantitative easing programme unchanged pending the outcome of Brexit trade talks and decisions on the government's so-far failed containment of the coronavirus.
December 17,2020
The Pound has been burdened anew in November by evolving market expectations for interest rates at the Bank of England (BoE) and elsewhere in the world, although this weight around the ankles of Sterling could turn to a tailwind in the event that a Brexit deal is agreed over the coming days or weeks.
November 25,2020
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