Effective Exchange Rate History:
Trade-weighted value of a currency against main trading partners
Spot Exchange Rate History:
Pound Sterling vs MajorsEuro vs MajorsUS Dollar vs Majors
If Nomura are correct, the Pound should receive a positive boost as this is an agressive sign of intent that the Bank of England is fast losing patience with elevated inflation in the UK.
The Pound might struggle to find further strength against the Euro and Dollar from current levels, even if the Bank of England goes ahead and raises interest rates say a number of researchers.
The Deputy Governor of the Bank of England (BOE), Sir Jon Cunliffe has tacitly expressed a preference for keeping interest rates unchanged - what does this mean for Sterling?
Bank of England Chief Economist Andy Haldane sent ripples across financial markets on Wednesday, June 22 having stated that a “partial withdrawal of the additional policy insurance the MPC put in place last year would be prudent relatively soon”.
The GBP to EUR conversion has managed to form a base following the declines that came in the wake of the UK’s general election.
The Bank of England voted 5-3 to keep interest rates unchanged - the vote was a shock to markets who have scrambled to buy Sterling.
The Pound is the day's best-performing G10 currency as the Bank of England came its closest since 2007 to raising interest rates.
An interest rate rise in the next 12 months has important implications for the British Pound which ultimately tracks the yield offered on debt in the UK.
The Bank of England’s review into the composition of its new generation of polymer bank notes has confirmed a shift away from the use of polymer which contains animal fats.
“It does, however, suit the BoE's purposes to talk the Pound higher. The removal of some imported inflationary pressure would lessen the risk of a follow-though to faster wage growth." - Simon Penn at UBS.
The Bank of England gave the British Pound a boost on Thursday, March 16 when the results of the Monetary Policy Committee’s March meeting were revealed.
The Bank of England’s March policy meeting forms the key event for the Pound Sterling complex on Thursday, March 16.
The Treasury Committee hears from Governor and Chief Economist of the Bank of England, and External Members of the Monetary Policy Committee on its Inflation Report for February.
Joachim Fels, Pimco’s global economic adviser, has suggested the Bank of England is keeping the Pound artificially weak.
The Bank of England’s Monetary Policy Committee will soon start splitting in their opinion on how appropriate current interest rate settings are for the UK economy.
Foreign exchange markets appear to have got it very wrong by bidding Pound Sterling higher ahead of the release of the Bank of England's February Inflation Report.
TD Securities have dropped their call for a rate cut in Q4 2017 saying that improved economic data and a less dovish monetary policy outlook in the UK now mean the odds of a hike or cut are evenly balanced.
The Bank of England meets to decide on interest rates and guide markets on policy on Thursday December 14 - this will be the last major set-piece for Pound Sterling in 2017.
The Bank of England may raise the value if deposits protected under the Financial Services Compensation Scheme to 85K.
Thursday is the focus of the week for Pound Sterling with the Bank of England delivering its latest policy decision as well as forecasts for inflation and economic growth.