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:
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
Pound Sterling extended its recovery against the Euro, Dollar and other currencies after the Bank of England's Chief Economist made it quite clear the outlook for UK monetary policy had not changed significantly in the recent path.
April 23,2024
The Bank of England's Jonathan Haskel says there is still more work to be done in order to get inflation to the 2.0% target on a sustained basis.
April 23,2024
Pound Sterling fell after Bank of England Monetary Policy Committee member Dave Ramsden raised the odds of June rate cut.
April 22,2024
Pound Sterling failed to capitalise on the above-consensus midweek inflation figures thanks to comments made by Bank of England Governor Andrew Bailey, who signalled he is intent on cutting interest rates soon.
April 18,2024
Another member of the Bank of England's Monetary Policy Committee (MPC) has cautioned the market against betting on imminent interest rate cuts.
April 11,2024
There are further signs that inflation expectations at UK businesses continue to decline, boosting bets that the Bank of England can cut interest rates in June.
April 4,2024
The Bank of England still has some distance to go before cutting interest rates, says a member of the MPC.
March 28,2024
The British Pound has found an interim floor against the Euro and Dollar, aided by some relatively 'hawkish' commentary from Bank of England MPC member Catherine Mann.
March 28,2024
A leading investment bank says there is a 50/50 chance the Bank of England cuts interest rates in May.
March 22,2024
The British Pound fell after the Bank of England took a small step closer to cutting interest rates, however, weakness will be limited as the Bank continues to warn about inflationary risks and a need to be patient.
March 21,2024
Pound Sterling extended its short-term decline against the Euro but was steadier against a broadly weaker Dollar after the Bank of England Governor Andrew Bailey said the bank could cut interest rates before inflation fell to the 2.0% target.
February 20,2024
The Bank of England will cut interest rates in August, say economists, a prediction that is at odds with financial markets that still see a decent shot of a May rate cut.
February 2,2024
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