Bank of England

Foreign exchange markets will scrutinise Thursday's Bank of England interest rate statement for clues about the prospect of an interest rate rise in August.

Pound exchange rates are looking more assured heading into the weekend thanks to an intervention by the BoE's Ramden.

Those watching the British Pound today should be aware that the Governor of the Bank of England Mark Carney will be testifying before Parliament's Treasury Select Committee.

Two interest rate rises in 2018, followed by a further two interest rate rises in 2019 at the Bank of England are forecast to propel the British Pound higher against both the Euro and US Dollar say economists at independent advisory Capital Economics.

Rolling coverage of Pound Sterling's reaction to the release of the Bank of England's Monetary Policy Committee decision, Inflation Report and press conference.

While no change to the interest rate is now expected at this month's event, the Bank's guidance and details contained within Inflation Report could be crucial in setting up market expectations for an August rate hike, an outcome that is being tipped as being broadly supportive to Sterling.

For the Bank of England, May's interest rate policy decision and Inflation Report is not simply about guiding market expectations on the path of future policy, rather it's about the continued credibility of its ability to deliver any worthwhile guidance at all.

A reaffirmation of the status quo, with a 7-2 vote in favour of leaving interest rates unchanged, is the most probable scenario at the Bank of England's meeting tomorrow (Thursday).

The British Pound took a battering at the hands of Bank of England Governor Mark Carney overnight, confirming that Bank of England interest rate expectations remain a key driver of Sterling.

Pound Sterling took a hammering after London markets closed on Thursday, April 19 after Bank of England Mark Carney cooled expectations for a May interest rate rise.

Economists at Bank of America Merrill Lynch Global Research believe that the UK data pulse seen over recent months suggests the Bank of England is unlikely to deliver two interest rate rises in 2018.

Sterling continues its rally to range highs versus the Euro and the Dollar after encouraging statements from leading economist.

UK economy watchers were given reasons for cheer Wednesday after a key survey by the Bank of England showed wages picking up during the first quarter, although the implications for interest rates may be less straightforward than the headline numbers appear to suggest.

The Pound was boosted during late morning and noon trading Friday after the Monetary Policy Committee member Gertjan Vlieghe told an audience at a Confederation of British Industry (CBI) event the current robust state of the UK labour market probably warrants a sustained tightening cycle from the Bank of England (BoE).

Two members of the Bank of England's Monetary Policy Committee vote to raise interest rates in the March meeting.

Markets are expecting no change to interest rates at the March 2018 Bank of England Monetary Policy Committee meeting, however, expectations for a May interest rate rise are running close to 90% at the time of writing.

The Bank of England will announce its latest interest rate decision at 12:00 pm Thursday 22, March while providing an updated outlook for the economy and monetary policy in the UK.

Britain's interest rates will rise gradually but Brexit remains the biggest uncertainty, Governor of the Bank of England Mark Carney told a sitting of the UK Parliament's Treasury Select Committee.

Brexit-related risks are clearly a threat for Sterling, but today focus will be on speeches from two Bank of England decision makers.

Coverage of the Bank of England's interest rate decision, the minutes covering the latest MPC meeting, the quarterly Inflation Report and Governor Mark Carney's press conference.