Advertisement
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 |
|
|
1.2686 -255 pips |
1.3003 -62 pips |
1.29406 | |
| GBPJPY |
|
|
187.2086 -682 pips |
194.8770 -84 pips |
194.033 | |
| EURGBP |
|
|
0.8341 -25 pips |
0.8414 -48 pips |
0.83660 | |
| GBPCAD |
|
|
1.8193 -331 pips |
1.8489 +35 pips |
1.85243 | |
| GBPCHF |
|
|
1.1322 -89 pips |
1.1542 -131 pips |
1.14109 | |
| GBPNZD |
|
|
2.2094 -546 pips |
2.1680 +960 pips |
2.26403 | |
| GBPAUD |
|
|
2.0069 -511 pips |
2.0473 +107 pips |
2.05796 | |
| GBPNOK |
|
|
13.5325 -407 pips |
13.7514 -1782 pips |
13.57323 | |
| GBPSEK |
|
|
12.9276 -98 pips |
13.4652 -5278 pips |
12.93737 | |
| GBPSGD |
|
|
1.7216 -141 pips |
1.7637 -280 pips |
1.73575 |
News (GBP)
UK Economy Grows Marginally As Estimated; Retail Sales Rebound Unexpectedly
The UK economy logged a marginal growth as initially estimated in the fourth quarter as the decline in production was offset by the growth in services and construction sectors, official data showed Friday. Another data revealed that retail sales expanded unexpectedly in February driven by the rebound in non-food store and auto fuel sales.
RTTNews | 1 day ago
UK Inflation Cools To 2.8%
UK inflation softened unexpectedly in February on lower clothing costs, data from the Office for National Statistics showed on Wednesday. The consumer price index logged an annual increase of 2.8 percent in February, following January's 3.0 percent rise. Prices were forecast to climb again by 3.0 percent. Core inflation that excludes prices of energy, food, alcohol and tobacco, was 3.5 percent.
RTTNews | 3 days ago
UK Private Sector Growth Hits 6-Month High
The UK private sector growth strengthened to a six-month high in March, driven by the fastest upturn in the services economy since 2024, flash survey data from S&P Global revealed Monday. The flash composite output index registered 52.0 in March, up from 50.5 in February. The index has remained above the crucial 50.0 mark for the seventeenth month in a row.
RTTNews | 5 days ago
