Bank of England

Lending data from the Bank of England confirms the desire for credit is slipping somewhat, which could suggest the all-important UK consumer is tightening its belt.

Governor of the Bank of England Mark Carney has reportedly been approached by the Government to stay on for another year, despite saying he would only serve six of a seven-year term.

The British Pound has taken a fresh leg lower in the wake of comments from Bank of England Governor Mark Carney.

For Sterling, the "balance of risks are for further political turbulence between now and October" say ING but "hawkish" BoE will spur swift recovery once into 2019 say ING.

Coverage of the Bank of England's August interest rate decision and Inflation Report.

Foreign exchange specialists at global investment bank TD Securities are laying their views on the table ahead of the Bank of England interest rate decision and Inflation Report.

Bank of England's Michael Saunders warns on need for interest rates as CV-Library report shows salaries are on the up, defying typical summer lull - "some of the UK’s key industries are thriving right now".

UK retail sales have risen during the second-quarter and are forecast by companies operating in the sector to expand by a decent clip throughout the rest of 2018, according to the Bank of England (BoE), although the recovery from an earlier first quarter slump is still fragile and has been influenced most by a marked improvement in the weather. 

The newest member of the Bank of England's Monetary Policy Committee has given a strong hint he might be inclined to raise interest rates before the year is out, at least if the contents of a speech delivered on June 26 are anything to go by.

The Bank of England's desire to continue raising rates has baffled some economists who say it is picking and choosing data to suit a preset agenda.

Analyst and foreign exchange market reactions to the Bank of England's June decision which saw three members of the MPC vote to raise rates sparking speculation that an August hike is a strong possibility.

Foreign exchange markets will scrutinise Thursday's Bank of England interest rate statement for clues about the prospect of an interest rate rise in August.

Pound exchange rates are looking more assured heading into the weekend thanks to an intervention by the BoE's Ramden.

Those watching the British Pound today should be aware that the Governor of the Bank of England Mark Carney will be testifying before Parliament's Treasury Select Committee.

Two interest rate rises in 2018, followed by a further two interest rate rises in 2019 at the Bank of England are forecast to propel the British Pound higher against both the Euro and US Dollar say economists at independent advisory Capital Economics.

Rolling coverage of Pound Sterling's reaction to the release of the Bank of England's Monetary Policy Committee decision, Inflation Report and press conference.

While no change to the interest rate is now expected at this month's event, the Bank's guidance and details contained within Inflation Report could be crucial in setting up market expectations for an August rate hike, an outcome that is being tipped as being broadly supportive to Sterling.

For the Bank of England, May's interest rate policy decision and Inflation Report is not simply about guiding market expectations on the path of future policy, rather it's about the continued credibility of its ability to deliver any worthwhile guidance at all.

A reaffirmation of the status quo, with a 7-2 vote in favour of leaving interest rates unchanged, is the most probable scenario at the Bank of England's meeting tomorrow (Thursday).

The British Pound took a battering at the hands of Bank of England Governor Mark Carney overnight, confirming that Bank of England interest rate expectations remain a key driver of Sterling.