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 |
|
|
1.2284 -54 pips |
1.2687 -349 pips |
1.23377 | |
| GBPJPY |
|
|
186.4461 -568 pips |
193.3142 -119 pips |
192.128 | |
| EURGBP |
|
|
0.8395 -52 pips |
0.8462 -15 pips |
0.84473 | |
| GBPCAD |
|
|
1.7461 -216 pips |
1.7794 -117 pips |
1.76770 | |
| GBPCHF |
|
|
1.1141 -27 pips |
1.1353 -185 pips |
1.11679 | |
| GBPNZD |
|
|
2.1469 -294 pips |
2.1404 +359 pips |
2.17629 | |
| GBPAUD |
|
|
1.9355 -313 pips |
1.9836 -168 pips |
1.96684 | |
| GBPNOK |
|
|
0 -139147 pips |
14.1188 -2041 pips |
13.91470 | |
| GBPSEK |
|
|
13.8298 +2758 pips |
13.7928 -2388 pips |
13.55400 | |
| GBPSGD |
|
|
1.6774 +79 pips |
1.6956 -261 pips |
1.66946 |
News (GBP)
UK Jobless Rate Rises, Wage Growth Remains High
The UK unemployment rate rose slightly in the third quarter and wage growth remained high but falling vacancies suggests a decrease in pay pressures, official data showed on Tuesday. The unemployment rate rose to 4.4 percent in the September to November period, as expected, from 4.3 percent in the three months to October, the Office for National Statistics revealed.
RTTNews | 1 day ago
UK House Prices Rise Most Since 2020: Rightmove
UK house prices increased the most since 2020 and new sellers coming to the market hit a record in January, data from the property website Rightmove showed on Monday. Average house prices increased 1.7 percent in January from a month ago, marking the largest jump in prices at the start of the year since 2020. This follows a 1.7 percent fall in December.
RTTNews | 2 days ago
UK Retail Sales Drop Unexpectedly On Weak Food Store Sales
UK retail sales declined unexpectedly in December despite the festive season as food sales logged its worst performance since 2013, data from the Office for National Statistics showed Friday. Retail sales volume decreased 0.3 percent on a monthly basis in December, in contrast to the revised 0.1 percent gain in November. The decline confounded expectations for an increase of 0.4 percent.
RTTNews | 5 days ago
