Effective Exchange Rate History:
Trade-weighted value of a currency against main trading partners
Spot Exchange Rate History:
Effective Exchange Rate History:
Trade-weighted value of a currency against main trading partners
Spot Exchange Rate History:
The Bank of England will have to continue raising interest rates quarterly, even if its Governor wants to speed up the process.
October 4,2024
It's not quite comeback Friday for the British Pound, but it has stabilised following its sharp fall on Thursday, helped by Bank of England Chief Economist Huw Pill.
October 4,2024
Pound Sterling is under widespread selling pressure on Thursday and is registering a half-per cent fall against the Euro.
October 3,2024
The Bank of England's Megan Greene says the interest rate policy was not as restrictive as she and her colleagues had assumed.
September 25,2024
Pound Sterling held multi-month highs against the Euro and Dollar on Tuesday, helped in part by fresh comments from the Bank of England's Governor, Andrew Bailey.
September 24,2024
The British Pound spiked after the Bank of England kept interest rates unchanged and said there was no rush to cut again.
September 19,2024
The Bank of England's cautious approach to cutting interest rates will give way to a rapid run of interest rate cuts starting in November.
September 12,2024
The Bank of England could opt to cut in smaller increments than 25 basis points, according to a new economic analysis.
September 5,2024
A former member of the Bank of England's Monetary Policy Committee has said interest rate cuts will come faster than markets are currently expecting.
September 4,2024
The British Pound is higher against the Euro and Dollar ahead of the weekend, aided in part by the Governor of the Bank of England.
August 23,2024
Economists weigh in with their predictions for the next Bank of England interest rate cut following the August 01 decision to lower Bank Rate 25 basis points.
August 1,2024
The British Pound is under pressure after the Bank of England Monetary Policy Committee (MPC) voted by a narrow margin to reduce Bank Rate to 5.0% from 5.25%.
August 1,2024
Analysts at Capital Economics say Pound-Euro could now be set for a protracted spell of depreciation.
July 10,2024
The British Pound was boosted Monday after a Bank of England interest rate setter said it is too soon to cut interest rates next month.
July 8,2024
The Bank of England might not be able to cut interest rates in August if warning signs in global inflation trends are heeded by the Monetary Policy Committee.
June 28,2024
Pound Sterling fell after the Bank of England kept interest rates unchanged at 5.25% but issued guidance that suggested it was close to a 25 basis point rate cut.
June 20,2024
Economists at JP Morgan expect the Bank of England to cut interest rates in August, but details in the April inflation print warn of growing risks that a 2024 rate cut might not happen at all.
May 22,2024
Wednesday's inflation print merely has to print in line with the Bank of England's forecast to trigger an interest rate cut.
May 20,2024
The Pound proved resilient following the release of above-consensus wage data, but it has lost ground following Huw Pill's latest speech.
May 14,2024
The British Pound fell as an immediate reaction to news another member of the Bank of England's rate-setting committee voted to cut interest rates. However, we expect losses to fade.
May 9,2024
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