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 |
|
|
1.2426 -63 pips |
1.2597 -108 pips |
1.24891 | |
| GBPJPY |
|
|
189.0778 -776 pips |
193.4620 +338 pips |
196.842 | |
| EURGBP |
|
|
0.8564 +0 pips |
0.8604 -40 pips |
0.85638 | |
| GBPCAD |
|
|
1.6958 -117 pips |
1.7102 -27 pips |
1.70755 | |
| GBPCHF |
|
|
1.1275 -138 pips |
1.1528 -115 pips |
1.14129 | |
| GBPNZD |
|
|
2.0775 -241 pips |
2.0764 +252 pips |
2.10158 | |
| GBPAUD |
|
|
1.8826 -292 pips |
1.9245 -127 pips |
1.91180 | |
| GBPNOK |
|
|
0 -137747 pips |
13.7404 +343 pips |
13.77471 | |
| GBPSEK |
|
|
13.2751 -3903 pips |
13.6527 +127 pips |
13.66540 | |
| GBPSGD |
|
|
1.6892 -117 pips |
1.7204 -195 pips |
1.70090 |
News (GBP)
UK Consumer Confidence Strengthens In April
British consumer sentiment improved in April on slowing inflation as well as expectations about further tax cuts, a monthly survey conducted by the market research group GfK revealed Friday. The consumer confidence index rose to -19 in April from -21 in March. The score was also better than economists' forecast of -20.
RTTNews | 12h 6min ago
UK Retail Sales Stable In March
UK retail sales were unchanged on a month-on-month basis in March, defying expectations for a gain, preliminary data from the Office for National Statistics showed Friday. Retail sales including automotive fuel grew 0.1 percent in the previous month. Economists were looking for a 0.3 percent gain for March.
RTTNews | 7 days ago
UK Inflation Slows Less Than Forecast
UK consumer price inflation softened less than expected in March but hit the lowest in two-and-a-half years on food prices, adding uncertainty to the timing of the first interest rate cut from the Bank of England. Inflation weakened to 3.2 percent in March from 3.4 percent in February, the Office for National Statistics reported Wednesday.
RTTNews | 9 days ago
