Breaking News

U.K. Interest Rate Decision

Latest Release

Nov 07, 2024

Actual

4.75%

Forecast

4.75%

5.00%

Bank of England (BOE) monetary policy committee members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the GBP, while a lower than expected rate is negative/bearish for the GBP.

Importance:

Country:

Currency: GBP

Source: Bank of England

Release Date	Time	Actual	Forecast	Previous
Dec 19, 2024	23:00
Nov 07, 2024 (Nov)	23:00	4.75%	4.75%	5.00%
Sep 19, 2024 (Sep)	22:00	5.00%	5.00%	5.00%
Aug 01, 2024 (Aug)	22:00	5.00%	5.00%	5.25%
Jun 20, 2024 (Jun)	22:00	5.25%	5.25%	5.25%
May 09, 2024 (Apr)	22:00	5.25%	5.25%	5.25%

News

UK consumer inflation rose more than expected in October By Investing.com - Nov 20, 2024

Investing.com - UK inflation rose more than expected last month, climbing back above the Bank of England’s target and potentially stalling further interest rate cuts. Annual consumer price inflation...

Powell's speech, US futures, Chinese data - what's moving markets By Investing.com - Nov 15, 2024

Investing.com -- Wall Street is seen slipping lower Friday, on course for weekly losses, after Fed chief Jerome Powell signaled a more patient approach to future interest rate cuts. Chinese released...

Dollar climbs to one-year peak; Powell's speech in focus By Investing.com - Nov 14, 2024

Investing.com - The U.S. dollar pushed further higher Thursday, climbing to a one-year peak after consumer inflation data raised doubts over the extent of Fed interest rate cuts, while Donald Trump...

Analysis

US Dollar: Central Banks Turn a Blind Eye to Political Events By Frantisek Taborsky - Nov 08, 2024

If anyone was expecting the US election result and UK budget to significantly impact the Fed and BoE policy message, they were let down by two consensus 25bp cuts and rather balanced guidance. In FX,...

GBP/USD: How to Trade the Pair With UK Budget, US Election and Key Data on Horizon By Fawad Razaqzada - Oct 29, 2024

The GBP/USD was a touch higher on Tuesday after it managed to rebound on the back of a firmer risk tone on Monday. That followed Israel’s limited response in Iran at the weekend, raising hopes that...

Four Speeches From BoE's Bailey This Week; Euro Licking Its Wounds By Chris Turner - Oct 21, 2024

USD: Beige Book is probably the biggest threat to the dollar FX markets seem to be positioning for a Trump victory in next month's US presidential election. October seems to have been a good month...

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	Interest Rates	Next Meeting
RBA	4.35%	Dec 10, 2024
BOE	4.75%	Dec 19, 2024
ECB	3.40%	Dec 12, 2024
FED	4.75%	Dec 18, 2024
SNB	1.00%	Dec 12, 2024
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RBNZ	4.75%	Nov 27, 2024
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