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 |
|
|
1.2539 -36 pips |
1.2905 -330 pips |
1.25751 | |
| GBPJPY |
|
|
189.0527 -753 pips |
196.4851 +9 pips |
196.579 | |
| EURGBP |
|
|
0.8279 -16 pips |
0.8368 -73 pips |
0.82952 | |
| GBPCAD |
|
|
1.7772 -296 pips |
1.8030 +38 pips |
1.80676 | |
| GBPCHF |
|
|
1.1188 -42 pips |
1.1403 -173 pips |
1.12303 | |
| GBPNZD |
|
|
2.1722 -503 pips |
2.1059 +1166 pips |
2.22253 | |
| GBPAUD |
|
|
1.9618 -485 pips |
2.0096 +7 pips |
2.01025 | |
| GBPNOK |
|
|
0 -142339 pips |
14.3035 -696 pips |
14.23393 | |
| GBPSEK |
|
|
13.8541 -32 pips |
13.9405 -832 pips |
13.85729 | |
| GBPSGD |
|
|
1.7019 -20 pips |
1.7378 -339 pips |
1.70391 |
News (GBP)
UK Retail Sales Rise Less Than Forecast
UK retail sales grew for the first time in three months in November but the pace of expansion was weaker than expected as consumers were cautious in the wake of government's first budget. A closely watched survey showed that retailers reported a moderate fall in retail sales in December despite festive season and they forecast another decrease in January.
RTTNews | 1 day ago
UK Car Manufacturers Report Worst Production For November Since 1980
UK car production posted its sharpest decline for the month of November since 1980 largely reflecting weaker global demand, data published by the Society of Motor Manufacturers and Traders showed on Friday. Car production declined 30.1 percent on a yearly basis in November. This was the ninth consecutive decline.
RTTNews | 1 day ago
Bank Of England Holds Key Rate Steady; More Members Sought Reduction
The Bank of England decided to leave its benchmark rate unchanged on Thursday as majority of policymakers called for a gradual approach to the withdrawal of policy restrictiveness amid acceleration in inflation and wage growth, while the divide in the rate-setting body widened. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 6-3 to hold the bank rate at 4.75 percent.
RTTNews | 2 days ago
