Bank of England

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.

Governor of the Bank of England Mark Carney has reportedly been approached by the Government to stay on for another year, despite saying he would only serve six of a seven-year term.

The British Pound has taken a fresh leg lower in the wake of comments from Bank of England Governor Mark Carney.

For Sterling, the "balance of risks are for further political turbulence between now and October" say ING but "hawkish" BoE will spur swift recovery once into 2019 say ING.

Coverage of the Bank of England's August interest rate decision and Inflation Report.

Foreign exchange specialists at global investment bank TD Securities are laying their views on the table ahead of the Bank of England interest rate decision and Inflation Report.

Bank of England's Michael Saunders warns on need for interest rates as CV-Library report shows salaries are on the up, defying typical summer lull - "some of the UK’s key industries are thriving right now".

UK retail sales have risen during the second-quarter and are forecast by companies operating in the sector to expand by a decent clip throughout the rest of 2018, according to the Bank of England (BoE), although the recovery from an earlier first quarter slump is still fragile and has been influenced most by a marked improvement in the weather. 

The newest member of the Bank of England's Monetary Policy Committee has given a strong hint he might be inclined to raise interest rates before the year is out, at least if the contents of a speech delivered on June 26 are anything to go by.

The Bank of England's desire to continue raising rates has baffled some economists who say it is picking and choosing data to suit a preset agenda.

Analyst and foreign exchange market reactions to the Bank of England's June decision which saw three members of the MPC vote to raise rates sparking speculation that an August hike is a strong possibility.

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.