Bank of England

Lloyds Bank have succumbed to the will of money markets and pushed back their expectation for first UK interest rate rise to August 2016.

The British pound retains the solid bias that has come to characterise much of November - and there is reason to believe the strength could last.

The UK employment report was mixed. Unemployment rated went down to 5.3% in September, and 177,000 jobs were added but with softer earnings as wage pressures moderated more than expected.

Caution won out again at the Bank of England today, with the Monetary Policy Committee spooked by a worsening outlook for global growth.

The Bank of England has deliberately attacked the value of the British pound and manufactured the sharp decline witnessed on the 5th of November it has been alleged.

The pound is looking expensive as we head into the keenly anticipated Bank of England 'Super Thursday'.

The euro has fallen sharply against the British pound since mid-October, can this trend continue?

With interest rate policy being the main driver behind global exchange rates all eyes will be on the Bank of England on Thursday the 5th of November.

More major institutions are pushing back their expectations for the first Bank of England interest rate rise in the upcoming tightening cycle.

The UK housing market is heating fast - and this could support the British pound over coming months.

Kristin Forbes has spoken – and currency markets have reacted.