Bank of England

The British Pound will today take direction from the Bank of England which will announce the outcome of their latest policy meeting at 12:00 BST, with the market expecting another £100BN in quantitative easing to be announced.

There was a spike in volatility in the Pound in mid-day London trade after the Bank of England released their May policy decision and latest suite of economic forecasts.

The Pound was riding high at the top of the G10 league table Wednesday and by many accounts, could be due a further run of gains over the course of Thursday as the Bank of England (BoE) is now on the verge of becoming the only game in town for yield-hungry investors.

The Pound is the on the offensive this week, already having gained 1.3% over the Dollar and half a percent from the Euro, as investors are increasingly woken from a complacent slumber at the currency market wheel. 

The Pound-to-Dollar rate is on course for further gains this week, according to analysts at BMO Capital Markets, because the Bank of England (BoE) is in a bind that means it will have no choice other than to stick to its 'hawkish' interest rate guidance this week. 

The Pound-to-Dollar rate is already sat on a healthy gain for the 2019 year but it could be in for a further boost this week if economists are right in warning suggesting the Bank of England (BoE) could feel compelled this week to begin preparing the market for a rate hike in the middle of summer.

Sterling stabilised on Thursday after the Bank of England (BoE) reiterated its commitment to raising its interest rate over the coming quarters, in stark contrast to the stance of other developed world central banks, but the outlook is hinged mostly on the outcome of the Brexit saga. 

The British Pound was volatile on Thursday after the Bank of England announcement that it downgraded its growth forecasts for the UK economy and it was announced further Brexit negotiations between the EU and UK will take place.

* Retail sales first up at 09:30  * Bank of England guidance due at 12:00 * Pound Sterling likely to fade any gains or losses stemming from today's events as markets will stay focussed on the January Brexit vote in parliament.

Bank of England policy makers have stood by analysis suggesting the British Pound is at risk of losing substantial ground in the event of a disruptive 'no deal' Brexit taking place in 2019.

The Governor and other senior officials of the Bank of England have warned against the UK financial services sector being governed by Europe, as would be the case in any backstop scenario or EEA membership plan.

The British Pound would come under substantial pressure under a no deal Brexit scenario warns the Bank of England.

Governor of the Bank of England Mark Carney has given a strong hint of his approval for the Brexit deal struck between the E.U. and U.K. last week and hints he would welcome even longer for the U.K. to adjust to its post-E.U. future.

The Bank of England delivers its November policy decision and Inflation Report. We bring coverage of that decision and the markets reaction.

Can we expect the Bank of England to add further fuel to the British Pound's near-term bounce?

The Bank of England's Chief Economist and prominent Monetary Policy Member Andy Haldane has told a gathering in London that the U.K. is seeing a "new dawn breaking for pay growth."

The headline takeaway from the Bank of England's September meeting proves positive for the British Pound which traded higher against the US Dollar following the announcement, breaking the 1.31 barrier in the process. Against the Euro recent gains were defended despite the single currency being boosted by the ECB.

After weeks of speculation, the governor of the Bank of England Mark Carney has said he will be officially staying on as governor for an extended term of 7 months until January 2020.

Commentators are attributing a more robust performance in Sterling to Bank of England Governor Mark Carney who has confirmed he is seriously considering extending his term as Governor in order to oversee a smooth Brexit transition while saying markets are expecting a Brexit deal.

Lending data from the Bank of England confirms the desire for credit is slipping somewhat, which could suggest the all-important UK consumer is tightening its belt.