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 Pound to Dollar rate tumbled from the outset in the final session of the week with a dive below 1.30 bringing a major level of support near 1.2837 on the charts into view after UK economic data forced financial markets to reconsider the outlook for the Bank of England (BoE) Bank Rate.
April 22,2022
The prospect of a 50 basis point hike at the Bank of England in May has been reignited by Catherine Mann, a member of the Bank's Monetary Policy Committee.
April 21,2022
Pound Sterling was left trading with a limp against the Euro, Dollar and other currencies early on this week after Bank of England (BoE) Governor Andrew Bailey reminded financial markets of what is increasingly an uncertain outlook for Bank Rate.
March 29,2022
The selloff in Pound Sterling and rates markets following Thursday's Bank of England policy meeting testifies to the scaling back of investor expectations for the number of additional interest rate rises due over coming months.
March 18,2022
The British Pound fell sharply in reaction to the Bank of England decision to raise interest rates at a third consecutive meeting.
March 17,2022
The Bank of England could keep interest rates unchanged on Thursday, citing the war in Ukraine, in what would amount to a signifiant downside surprise for the British Pound.
March 15,2022
"Ramsden eased back slightly on his recent hawkish stance," says a note from TD Securities' global strategy team. "He favours a 25bps hike in March rather than 50bps."
February 22,2022
A squeeze on home owners from rising interest rates will become apparent by the second half of 2023 says NatWest Markets, and this will prompt the Bank of England to rein in rate hikes.
February 22,2022
The Bank of England looks all but set on a path to raise Bank Rate to just above 1.0% in 2022, according to its Chief Economist.
February 9,2022
A strong labour market and rising wages will mean the Bank of England will have to keep pushing interest rates higher says Credit Suisse, even as UK inflation rates begin to fall later in 2022.
February 8,2022
The 'hawkish' hike saw Pound Sterling rise across the board before Governor Andrew Bailey cooled the excitement.
February 3,2022
The newest member of the Bank of England's Monetary Policy Committee has urged her colleagues to take decisive action in the near-term to lean against inflation.
January 21,2022
Bank of England Governor Andrew Bailey told UK lawmakers he and colleagues remain concerned with the trajectory of UK inflation, and that they stand ready to act.
January 19,2022
The Bank of England will delay delivering a first interest rate rise from December to February in response to Omicron, but will still be quick to push them higher in the first half of 2022 says Barclays.
December 7,2021
A fervently anticipated Bank of England decision to begin lifting interest rates would be symbolic of success at steering the economy through the recent crisis, one of the BoE’s nine rate setters said this week as market speculation about a December lift-off continued.
November 23,2021
Governor of the Bank of England Andrew Bailey said it remains vital that the Bank emphasises the significance of inflation in its policy decisions and all meetings are in-play for a rate hike.
November 15,2021
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