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 |
|
|
1.2644 +18 pips |
1.2922 -296 pips |
1.26260 | |
| GBPJPY |
|
|
189.5442 -539 pips |
196.5237 -159 pips |
194.933 | |
| EURGBP |
|
|
0.8332 +1 pips |
0.8408 -77 pips |
0.83314 | |
| GBPCAD |
|
|
1.7431 -207 pips |
1.7791 -153 pips |
1.76378 | |
| GBPCHF |
|
|
1.1143 -16 pips |
1.1354 -195 pips |
1.11594 | |
| GBPNZD |
|
|
2.1249 -283 pips |
2.0931 +601 pips |
2.15322 | |
| GBPAUD |
|
|
1.9028 -367 pips |
1.9521 -126 pips |
1.93953 | |
| GBPNOK |
|
|
0 -139560 pips |
14.0977 -1417 pips |
13.95596 | |
| GBPSEK |
|
|
13.7961 -1321 pips |
13.9629 -347 pips |
13.92823 | |
| GBPSGD |
|
|
1.6977 +5 pips |
1.7141 -169 pips |
1.69722 |
News (GBP)
UK Budget Deficit Exceeds Expectations In October
The UK budget deficit exceeded expectations in October and hit the second highest October level on record largely reflecting the increase in debt interest payments. Public sector net borrowing increased to GBP 17.4 billion from GBP 15.8 billion in the previous year, data from the Office for National Statistics revealed Thursday.
RTTNews | 5h 4min ago
UK Inflation Accelerates More Than Forecast
UK consumer price inflation accelerated more than expected in October, lowering the chances of a rate cut at the upcoming monetary policy meeting in December. The consumer price index rose 2.3 percent on a yearly basis, following September's 1.7 percent increase, which was the lowest since April 2021, the Office for National Statistics reported Wednesday.
RTTNews | 1 day ago
UK Economy Logs Meager Growth In Q3
In a blow to Chancellor Rachel Reeves, the UK economy grew only marginally in the third quarter on weaker growth in services output, data from the Office for National Statistics revealed Friday. Gross domestic product grew 0.1 percent sequentially, following growth of 0.5 percent in the second quarter and was also weaker than the forecast of 0.2 percent.
RTTNews | 6 days ago
