Bank of England News and Analysis

28 March 2023 "The Pound has Made Fresh Gains" - Bank of England's Bailey says More Hikes Might be Needed

There are concerns that the banking scare could lead to a more risk averse attitude among lenders, adding another squeeze to liquidity, just as companies are grappling with high interest rates.

24 March 2023 British Pound and Bank of England Outlook: Analyst and Economist Views

Pound Sterling was trading around the middle of the major currency rankings for the period in the final session of the week but with little help from the Bank of England (BoE), which drew mixed res…

23 March 2023 Pound Sterling Holds Firm after Bank of England Hikes Rates and Growth Forecasts, But a Pause is Coming into View

The Bank of England raised Bank Rate 25 basis points to 4.25%, its highest level since 2008, and said it would raise interest rates again if required.

17 March 2023 Bank of England Set for Close Call Interest Rate Decision Next Week

Recent data have confirmed that UK inflation and its underlying drivers are moderating but economists and markets remain split over what to expect from the Bank of England (BoE) next week…

07 March 2023 Bank of England Rate Setter Warns on Further Pound Sterling Weakness

Pound Sterling could come under pressure if the 'hawkish' tones coming from the Fed and ECB are not yet digested, says Mann.

02 March 2023 Bailey Trips Pound Sterling as he Signals the Hiking Season is Drawing to a Close

GBP retreats on Bank of England Governor's speech.

23 February 2023 Bank of England Must Continue with Interest Rate Hikes as UK Financial Conditions Have Eased Warns Mann

The Bank of England must continue hiking interest rates and avoid a pivot as UK financial conditions have eased warns Catherine Mann.

23 February 2023 Pound to Dollar Rate Struggles Near 1.20 as BoE and Fed Hawks Cross Paths

The Pound to Dollar exchange rate came under pressure near 1.20 in the penultimate session of the week as financial markets mulled upside risks to Federal Reserve (Fed) and Bank of England (Fed) in…

17 February 2023 Bank of England Chief Economist Hints of Smaller Interest Rate Steps Ahead

The Bank of England (BoE) would risk going too far if it continues to lift Bank Rate as fast as it has in recent months, its chief economist Huw Pill has said, suggesting that he too could favour a…

16 February 2023 Don't Bet Against the Bank of England when it Comes to Forecasting Inflation says TD Securities

Don't bet against the Bank of England's inflation forecasts, is the warning from a leading international investment bank following the release of softer-than-expected UK inflation figures for Janua…

16 February 2023 Pound Pulls Back as Bank of England Rate Hike Expectations Ease

The British Pound fell sharply in the wake of UK inflation numbers that prompted investors to reduce bets for the scope of future interest rate hikes at the Bank of England.

09 February 2023 Bank of England Big-hitters Point to Further Rate Hikes, British Pound Holds Recovery Gains

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 …

06 February 2023 Mann: Bank of England Risks Policy Mistake if it Pauses Rate Hikes Now

Mann said she sees material upside risks to the Bank's inflation forecasts.

03 February 2023 Pill Condones Falling Rates Following Bank of England Decision

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.

03 February 2023 British Pound and Bank of England: Analyst, Economist and Investor Outlooks

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…

02 February 2023 Pound Sterling Retreats as Bank of England Prepares to Step Down a Gear on Rate Hikes

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.

09 January 2023 Pill Warns that UK Inflation Will Remain "Persistent"

UK inflation could prove more persistent than expected, even as European gas prices fall.

05 January 2023 Key Bank of England Survey Shows No Let up in Wage Inflation Expectations

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.

16 December 2022 Bank of England Interest Rate Decision and Different Reasons on the MPC

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 infla…

15 December 2022 Bank of England Hikes Again, Pound Sterling Softer against Euro and Dollar in Response

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.