Breaking News

U.K. Interest Rate Decision

Latest Release

Sep 19, 2024

Actual

5.00%

Forecast

5.00%

Bank of England (BOE) monetary policy committee members vote on where to set the Bank Rate. Traders watch interest rate changes closely because short term interest rates are the primary factor in currency valuation.

A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.

Importance:

Country:

Currency: GBP

Source: Bank of England

Release Date	Time	Actual	Forecast	Previous
Dec 19, 2024	14:00
Nov 07, 2024	13:00			5.00%
Sep 19, 2024 (Sep)	13:00	5.00%	5.00%	5.00%
Aug 01, 2024 (Aug)	13:00	5.00%	5.00%	5.25%
Jun 20, 2024 (Jun)	13:00	5.25%	5.25%	5.25%
May 09, 2024 (Apr)	13:00	5.25%	5.25%	5.25%

News

Dollar bounces off lows; euro hit by weak PMI data By Investing.com - Sep 23, 2024

Investing.com - The U.S. dollar rose Monday, climbing away from the one-year low seen last week, while disappointing economic activity data weighed on the euro. At 04:15 ET (08:15 GMT), the Dollar...

Dollar edges off lows; sterling gains after strong retail sales By Investing.com - Sep 20, 2024

Investing.com - The U.S. dollar edged higher Friday, but remained under pressure after the Federal Reserve’s large interest rate cut, while sterling rose strongly after healthy UK retail sales...

European stocks consolidate after sharp gains; central banks in focus By Investing.com - Sep 20, 2024

Investing.com - European stock markets edged lower Friday, consolidating after the previous session’s sharp gains as investors digested a series of policy decisions from the world’s major central...

Analysis

GBP/USD Rally Targets 1.41 as Dovish Fed, Hawkish BoE Add Bullish Fuel By Damian Nowiszewski - Sep 24, 2024

The Bank of England's hawkish stance has driven GBP/USD above 1.33. Traders should watch upcoming GDP figures for their potential impact on BOE decisions. As bulls target 1.41, the momentum could...

EUR/USD Bulls Gearing Up to Attack 1.12 as Fed Eyes Aggressive Rate Cut By Damian Nowiszewski - Sep 17, 2024

EUR/USD back in an uptrend ahead of the Fed. The pair could challenge 1.12 resistance if the Fed opts for a 50 bp cut. Meanwhile, weakness in the US dollar is a tailwind too. Looking for actionable...

US Dollar Kicks Off Critical Week Under Pressure From Rising Rate Cut Expectations By Günay Caymaz - Sep 16, 2024

DXY fell to 100.7 after shifting expectations for a 50 basis point Fed cut Volatility is expected this week due to reduced liquidity and geopolitical risks The Fed’s decision on rate cuts will be...

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	Interest Rates	Next Meeting
CBN	27.25%	Sep 24, 2024
BOE	5.00%	Nov 07, 2024
ECB	3.65%	Oct 17, 2024
FED	5.00%	Nov 07, 2024
SNB	1.00%	Dec 12, 2024
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BOC	4.25%	Oct 23, 2024
RBNZ	5.25%	Oct 09, 2024
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