United Kingdom BoE Interest Rate Decision
The Monetary Policy Committee of the Bank of England determines the benchmark interest rate in the United Kingdom (MPC). The repo rate is the Bank of England's official interest rate. The repo rate relates to the Bank of England's open market operations with a number of counterparties (banks, building societies, securities firms).
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.
Forex Sentiment (GBP)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| GBPUSD |
|
|
1.2453 -178 pips |
1.2799 -168 pips |
1.26311 | |
| GBPJPY |
|
|
185.7497 -264 pips |
191.2429 -286 pips |
188.387 | |
| EURGBP |
|
|
0.8293 +11 pips |
0.8329 -47 pips |
0.82818 | |
| GBPCAD |
|
|
1.7760 -210 pips |
1.7918 +52 pips |
1.79697 | |
| GBPCHF |
|
|
1.1287 -45 pips |
1.1442 -110 pips |
1.13318 | |
| GBPNZD |
|
|
2.1688 -307 pips |
2.1294 +701 pips |
2.19945 | |
| GBPAUD |
|
|
1.9513 -352 pips |
1.9902 -37 pips |
1.98651 | |
| GBPNOK |
|
|
14.0384 -391 pips |
14.0670 +105 pips |
14.07750 | |
| GBPSEK |
|
|
13.4887 +354 pips |
13.6297 -1764 pips |
13.45325 | |
| GBPSGD |
|
|
1.6866 -12 pips |
1.7187 -309 pips |
1.68781 |
News (GBP)
UK Retail Sales Growth At 8-Month High
UK retail sales expanded at the fastest pace in eight months in January due to the rebound in food store sales volume, the Office for National Statistics said Friday. Retail sales volume increased 1.7 percent in January from December. The monthly growth confounded a revised fall of 0.6 percent in December.
RTTNews | 1 day ago
UK Inflation Hits 10-Month High On Airfares, Food Prices
UK consumer price inflation accelerated to a 10-month high in January on higher airfares and food prices, data from the Office for National Statistics showed on Wednesday. The consumer price index logged a 3.0 percent rise in January, following December's 2.5 percent increase. This was the fastest growth since March 2024. Prices were forecast to climb 2.8 percent.
RTTNews | 3 days ago
UK Jobless Rate Remains Stable, Wage Growth Accelerates
The UK unemployment rate remained unchanged, but wage growth picked up in the fourth quarter, supporting the Bank of England's cautious approach to further policy cuts. The jobless rate came in at 4.4 percent in the three months to December, the same as in the preceding period, the Office for National Statistics said on Tuesday. Economists had forecast the rate to rise to 4.5 percent.
RTTNews | 4 days ago
