News and Analysis of Decisions and Events from the Bank of England (the BoE) Monetary Policy Committee (the MPC)
UK economic growth forecasts for the UK economy have been downgraded by the Bank of England, while pointing to a more gradual recovery in growth towards pre-Covid levels.
November 18,2020
The Bank of England on Thursday announced it would boost quantitative easing by £150 billion, an amount significantly greater than the £100BN markets were anticipating, and economists are saying this won't be the last expansion.
November 5,2020
The British Pound's recovery against the Euro, Dollar and other major currencies was stopped after markets reacted to comments by Bank of England Governor Andrew Bailey on the prospect of UK interest rates turning negative in the future, while a looming update on Brexit trade negotiations will increase nerves.
October 5,2020
Bank of England's Governor Andrew Bailey has downplayed the prospect of negative interest rates in the future as he sought to downplay the market's rising expectations for future interest rate cuts, an intervention that appears to have offered some support to the British Pound.
September 22,2020
The British Pound fell sharply against the Euro, Dollar, Australian Dollar and other major currencies after the Bank of England said it was preparing to engage regulators on lowering interest rates to below 0% in coming months.
September 30,2020
The Bank of England forms the highlight for Pound Sterling on Thursday as any signal of imminent interest rate cuts or a boost to the quantitative easing programme could weigh on the currency.
September 17,2020
The British Pound went higher against the Euro, Dollar and other currencies following the release of the Bank of England's August policy statement that revealed the Monetary Policy Committee opted to keep interest rates and quantitative easing unchanged by an unanimous vote, while on balance policy makers struck a decidedly 'less dovish' tone than markets had been expecting.
August 18,2020
A pessimistic signal would likely lend itself to a weaker Pound, while a more confident assessment that would suggest no further quantitative easing expansions are likely over coming months could contribute to Sterling upside.
August 5,2020
The UK economy is currently experiencing a v-shaped recovery, that should be reinforced by a surge in consumer spending when pubs and restaurants open up on July 04, says the Bank of England's Chief Economist Andy Haldane.
June 30,2020
The British Pound fell last week, by over a percent against the Euro and 1.3% against the U.S. Dollar, with a major culprit behind the move being Thursday's Bank of England policy meeting.
June 22,2020
The Pound-to-Dollar rate volatile Thursday after the Bank of England (BoE) told markets it intends to slow the pace at which it buys an increased stock of British government bonds using newly created money in the coming months.
June 18,2020
The Bank of England increased the scale of its quantitative easing programme by £100BN it announced on June 18, taking the programme's total to £745BN.
June 22,2020
The British Pound will today take direction from the Bank of England which will announce the outcome of their latest policy meeting at 12:00 BST, with the market expecting another £100BN in quantitative easing to be announced.
June 22,2020
There was a spike in volatility in the Pound in mid-day London trade after the Bank of England released their May policy decision and latest suite of economic forecasts.
May 3,2019
The Pound was riding high at the top of the G10 league table Wednesday and by many accounts, could be due a further run of gains over the course of Thursday as the Bank of England (BoE) is now on the verge of becoming the only game in town for yield-hungry investors.
May 2,2019
The Pound is the on the offensive this week, already having gained 1.3% over the Dollar and half a percent from the Euro, as investors are increasingly woken from a complacent slumber at the currency market wheel.
May 1,2019
The Pound-to-Dollar rate is on course for further gains this week, according to analysts at BMO Capital Markets, because the Bank of England (BoE) is in a bind that means it will have no choice other than to stick to its 'hawkish' interest rate guidance this week.
May 1,2019
The Pound-to-Dollar rate is already sat on a healthy gain for the 2019 year but it could be in for a further boost this week if economists are right in warning suggesting the Bank of England (BoE) could feel compelled this week to begin preparing the market for a rate hike in the middle of summer.
April 29,2019
Sterling stabilised on Thursday after the Bank of England (BoE) reiterated its commitment to raising its interest rate over the coming quarters, in stark contrast to the stance of other developed world central banks, but the outlook is hinged mostly on the outcome of the Brexit saga.
March 21,2019
The British Pound was volatile on Thursday after the Bank of England announcement that it downgraded its growth forecasts for the UK economy and it was announced further Brexit negotiations between the EU and UK will take place.
February 12,2019
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