Bank of England News and Analysis

21 March 2024 Pound Sterling Falls After Bank of England Takes a Step Towards a Rate Cut

The British Pound fell after the Bank of England took a small step closer to cutting interest rates, however, weakness will be limited as the Bank continues to warn about inflationary risks and a n…

20 February 2024 Pound Sterling: Bank of England's Bailey Talks Rate Cuts

Pound Sterling extended its short-term decline against the Euro but was steadier against a broadly weaker Dollar after the Bank of England Governor Andrew Bailey said the bank could cut interest ra…

02 February 2024 Bank of England: August Rate Cut Most Likely Say Economists

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.

01 February 2024 This Was a Hawkish Bank of England: Economist Reactions

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.…

01 February 2024 Pound Sterling Rises After Bank of England Rejects Calls for Early Rate Cuts

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.

17 January 2024 "Wake Up Call for Investors" as Bank of England Rate Cut Bets Recede

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.

20 December 2023 Bank of England to Cut Interest Rates in March According to Market Pricing

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.

14 December 2023 Pound Sterling Rises After Bank of England Keeps Door Ajar to Further Hikes

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.

28 November 2023 It's a "No" To Rate Cuts From Bank of England's Haskel

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".

27 November 2023 Bank of England's Bailey Concerned Inflation Fight Will Get Tougher

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%.

21 November 2023 Pound Firms After Bank of England Fires a Salvo Against Rate Cut Bets

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 …

21 November 2023 Bank of England's Bailey Has Some Words of Warning

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…

13 November 2023 Bank of England Won't Cut Interest Rates Until 2025: HSBC

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

09 November 2023 ECB's de Galhau and Bank of England's Pill Confirm Rate Hikes Are Done

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.

08 November 2023 Pound Sterling's 'False Dawn' as Bailey Struggles to Convince

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 softe…

07 November 2023 Pill Breaks Ranks And Openly Condones Rate Cut Bets

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 ad…

03 November 2023 Pound Sterling Steadier After Bailey Pushes Back Against Rate Cut Bets

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.

02 November 2023 Bank of England in 'Hawkish Hold'

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…

20 October 2023 Bailey Adds to Pound's Woes With Strong Hint Bank of England to Keep Rates on Hold in November

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.

22 September 2023 Bank of England Interest Rate Cuts Are Coming

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,…