Bank of England

The Bank of England will cut interest rates in August, say economists, a prediction that is at odds with financial markets that still see a decent shot of a May rate cut.

Money market pricing has shown investors are less expectant of an early rate cut from the Bank of England, confirming Thursday's policy decision to have landed on the 'hawkish' end of the spectrum.

The British Pound was under pressure into the Bank of England's February update but recovered after policymakers let it be known it was no closer to cutting interest rates.

Global investors are resigning themselves to a dawning reality that it might not be until mid-year that the Bank of England, U.S. Federal Reserve and European Central Bank cut interest rates.

Bank of England rate cut bets have surged in the wake of December's inflation release that showed price pressures were easing rapidly in the UK.

The British Pound rose against the Euro and Dollar after the Bank of England made it clear it was in no mood to entertain thoughts of interest rate cuts.

Jonathan Haskel is the latest member of the Bank of England to warn there is no prospect of a rate cut over the coming months as the UK's labour market remains too "tight".

The Bank of England's Governor Andrew Bailey warned that interest rates would not be cut "in the foreseeable future" as he expressed concern that inflation will prove sticky below 4.0%.

The British Pound advanced against the Euro, Dollar and other currencies after Bank of England Governor Andrew Bailey and two other policymakers told the Treasury Select Committee there was a case for Bank Rate to be paused at 5.25% for an "extended Period".

According to its Governor Andrew Bailey, the Bank of England might have to raise interest rates further as he continues his crusade to push back against growing market expectations for rate cuts in 2024.

The Bank of England will keep interest rates unchanged until 2025, according to one of the UK's biggest banks.

The Pound to Euro exchange rate rose to test 1.15 on Thursday after a European Central Bank Governing Council member confirmed further rate hikes were not required.

The jump in the value of Pound Sterling seen last week appears to be something of a false dawn for those wanting a stronger exchange rate as the UK currency comes back under pressure amidst a softening global market backdrop and increased bets the Bank of England will cut interest rates before long.

The Bank of England's Chief Economist has verified market bets for the first interest rate cut by the Bank of England to fall towards the middle of 2024, in what amounts to the first significant admission lower interest rates lie ahead.

The Pound recovered from its lows after the Governor of the Bank of England pushed back at rising expectations that the Bank of England would cut rates by as early as the third quarter of 2024.

The British Pound was higher against the Euro, Dollar and other major currencies after the Bank of England kept interest rates at 5.25% and managed to deliver a credible message that interest rates would stay at current levels for an extended period.

The Governor of the Bank of England has all but confirmed interest rates won't rise in November in comments that can add further pressure on the Pound.

Markets and analysts alike have brought forward their expectations for interest rate cuts at the Bank of England following a decision by Threadneedle Street to keep rates unchanged on September 21, a development that explains the ongoing weakness in the Pound.

Pound Sterling slumped against the Euro, Dollar and other major currencies after the Bank of England said it had ended its interest rate hiking cycle, believing that inflation was now on course to fall sharply over the coming months.

The Bank of England's apparent plan of raising interest rates to 5.50% this week but then calling a halt to the rate hiking cycle is tantamount to a mistake, according to a prominent economist.