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
The Bank of England have just released their Agents’ summary of business conditions - the report offers a snapshot of investment intentions amongst British businesses and is a key reference for policy makers at Threadneedle Street.
We cover the British Pound's reaction to the Bank of England's November policy decision, Inflation Report bringing the views of the most prominent analysts in the financial sector.
Pound Sterling could fall in response to an eagerly-anticipated rate hike from the Bank of England Thursday, says one strategist, as the first increase in bank rate for a decade is now the minimum that traders expect.
Is the Bank of England about to make a policy mistake? The question is incredibly important for how the Pound trades over coming months.
Professor Silvana Tenreyro says she will be inclined to vote for a rate rise in near future but Governor Carney's measured tone disappoints Sterling-bulls who are hungry for hints on potential interest rate rises in 2018.
The BoE's allusion to a possible rate rise is beginning to look like "policy error", according to one strategist, but if the bank rescinds its earlier guidance then bearish voices around Sterling will be amplified and losses magnified.
Past cycles show the Bank of England (BOE) usually raises interest rates much more frequently than the market expects, according to research by Nomura, which could mean a stronger Pound going forward.
UBS foresee two near-term interest rate rises coming out of the Bank of England which goes against consensus expectations for an one-off rate rise in November.
Carney did little to add renewed impetus to last week's Sterling rally while the bulk of strategists see only a one-time boost from a BoE hike.
The Bank of England’s Gertjan Vlieghe has hammered home the point that interest rates are to rise for the first time in a decade in late-2017.
The British Pound has received fresh impetus as another Bank of England policy-setter reinforces the view that interest rate are to rise.
The British Pound has risen against most major currencies as the Bank of England warns the market is underpricing expectations for future interest rate rises.
The Bank of England’s Andy Haldane is a wild card among the nine-person Monetary Policy Committee who could light a fire under the Pound Sterling at one of the MPC’s upcoming meetings.
Thursday’s Bank of England meeting could yield a major repricing of the Pound-to-Euro exchange rate, according to strategists at TD Securities.
Central banks are likely to set the tone for both the British Pound and Euro over coming weeks, and according to one analyst, this offers the GBP/EUR exchange rate potential relief.
Brexit risks have not materialised in a meaningful fashion, an economist says, while the Bank of England's post-crisis monetary policy has done all that it can do.
Beware a pro-Sterling outcome to the Bank of England’s ‘super-Thursday’ event due at mid-day on August 3.
“Sell GBP/$ into the BoE meeting but 1.2850-1.2900 may be the lowest we get” - Viraj Patel, ING Bank N.V.
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.