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 British Pound held onto a recent recovery as some of the 'big-hitters' Bank of England's Monetary Policy Committee (MPC) steered markets towards another rate hike in March as they warned risks to UK inflation were pointed higher.
February 9,2023
The Bank of England's Chief Economist has effectively condoned the fall in the cost of money in the UK that followed the Bank of England's Feb. 02 policy decision and guidance.
February 3,2023
Pound Sterling was nursing losses for the period in the final session of the week after the latest Bank of England (BoE) interest rate decision prompted widespread selling while further emboldening already-bearish forecasters.
February 3,2023
The British Pound shot higher before retreating again following the release of the Bank of England's first interest rate decision of 2023 and the release of its latest economic forecasts.
February 16,2023
January 9,2023
The Bank of England could face a protracted period of wage increases in 2023 according to a key survey of businesses, suggesting core inflation in the UK might prove stickier than expected.
January 5,2023
The Bank of England (BoE) raised interest rates again this week but not all on the Monetary Policy Committee (MPC) agreed with the decision due to a three-way split of views about how quickly inflation could be expected to fall.
December 16,2022
The British Pound sold off in the wake of the Bank of England's decision to hike interest rates by 50 basis points, thereby maintaining what is becoming a standard response in the current cycle.
December 15,2022
Inflation expectations are back at nine-year highs according to a Bank of England survey, maintaining pressure on the central bank to pursue higher interest rates.
December 9,2022
The Bank of England will go with a 50 basis point hike as policymakers look to ease off the accelerator.
December 9,2022
A member of the Bank of England's Monetary Policy Committee (MPC) warned the Bank risked losing its battle in bringing inflation down to its 2.0% target.
November 29,2022
The British Pound has risen over the course of the week, with analysts saying a portion of the advance can be attributed to a firming up of Bank of England interest rate hike expectations.
November 25,2022
The Pound was languishing at the bottom of the major currency barrel ahead of the weekend after the Bank of England (BoE) suggested markets were mistaken to expect Bank Rate to rise much from November's newly-increased level.
November 4,2022
Markets and analysts alike are of the view the Bank of England has more work to do, despite the protestations of Governor Andrew Bailey that, "we think bank rate will have to go up less than what’s currently priced into financial markets".
November 4,2022
Pound Sterling's early gains melted away to leave behind widespread losses in what could remain volatile trade on Thursday following 'dovish' commentary from one Bank of England (BoE) official and amid what is increasingly banana republic style dysfunction in government and Westminster.
October 20,2022
The Bank of England will not have to raise interest rates as high as previously feared following the recent interventions by the UK's new finance minister.
October 17,2022
The UK economy shrank notably during August in an outcome that leaves GDP on course for a quarterly fall that would come sooner than many forecasters had anticipated and which could challenge the credibility of market-implied expectations for the Bank of England (BoE) Bank Rate.
October 13,2022
The Bank of England's (BoE) plan to curtail its emergency intervention in the government bond market at the end of this week could deepen a pending recession and impair the credibility of UK institutions if it comes too soon for the pension fund sector to handle, according to Oxford Economics.
October 13,2022
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