Bank of England

The recovery seen in the British pound at the start of the week has reversed following dovish comments from a Bank of England policy maker.

Today’s focus from a British pound perspective will be on the Bank of England’s MPC policy announcement and meeting minutes.

The pound has weakened even further following a significant drop in Industrial and Manufacturing Production data, as analysts push back their forecasts of when the BOE is most likely to raise rates. 

A thawing in the views of both hardline hawks and doves on when the BOE might move has narrowed the target range for a possible hike, with June and November especially standing out.  

What do experts really think about when the BOE will make its next move? 

The Bank of England sent the GBP to USD conversion lower having once again blamed the domestic currency for keeping inflation subdued.

ING have suggested the Bank of England is going to have to relinquish concerns over the strength of sterling.

Market-based indicators of when the Bank of England might raise interest rates are showing a delay of over a year, according to Associated Foreign Exchange (AFEX) risk manager Lucy Lillicrap.

We are calling the best pound to euro exchange rate for 2015 as being unachievable again as we see little prospect of the British pound staging a meaningful rally towards and above 1.44.

The British pound declined on Tuesday as the Bank of England’s two most prominent decision-makers gave no suggestions hints that they were near raising interest rates.

Lloyds Bank have succumbed to the will of money markets and pushed back their expectation for first UK interest rate rise to August 2016.

The British pound retains the solid bias that has come to characterise much of November - and there is reason to believe the strength could last.

The UK employment report was mixed. Unemployment rated went down to 5.3% in September, and 177,000 jobs were added but with softer earnings as wage pressures moderated more than expected.

Caution won out again at the Bank of England today, with the Monetary Policy Committee spooked by a worsening outlook for global growth.

The Bank of England has deliberately attacked the value of the British pound and manufactured the sharp decline witnessed on the 5th of November it has been alleged.

The pound is looking expensive as we head into the keenly anticipated Bank of England 'Super Thursday'.

The euro has fallen sharply against the British pound since mid-October, can this trend continue?

With interest rate policy being the main driver behind global exchange rates all eyes will be on the Bank of England on Thursday the 5th of November.

More major institutions are pushing back their expectations for the first Bank of England interest rate rise in the upcoming tightening cycle.

The UK housing market is heating fast - and this could support the British pound over coming months.