United Kingdom BoE MPC Vote Cut
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 |
|
|
1.3140 -390 pips |
1.3515 +15 pips |
1.35298 | |
| GBPJPY |
|
|
194.9609 -406 pips |
198.4906 +53 pips |
199.017 | |
| EURGBP |
|
|
0.8573 -93 pips |
0.8662 +4 pips |
0.86658 | |
| GBPCAD |
|
|
1.8326 -275 pips |
1.8609 -8 pips |
1.86008 | |
| GBPCHF |
|
|
1.0803 -8 pips |
1.0943 -132 pips |
1.08110 | |
| GBPNZD |
|
|
2.2459 -469 pips |
2.2477 +451 pips |
2.29276 | |
| GBPAUD |
|
|
2.0123 -544 pips |
2.0767 -100 pips |
2.06666 | |
| GBPNOK |
|
|
13.5556 -36 pips |
13.6154 -562 pips |
13.55916 | |
| GBPSEK |
|
|
12.7820 +397 pips |
12.9444 -2021 pips |
12.74229 | |
| GBPSGD |
|
|
1.7291 -65 pips |
1.7508 -152 pips |
1.73565 |
News (GBP)
UK Inflation Hits 18-Month High
UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.
RTTNews | 11 days ago
UK GDP Rises More Than Expected
The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe
RTTNews | 17 days ago
UK Labor Market Cools In Q2
The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.
RTTNews | 19 days ago
