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 |
|
|
1.2465 -70 pips |
1.2600 -65 pips |
1.25355 | |
| GBPJPY |
|
|
187.5981 -764 pips |
193.9903 +125 pips |
195.238 | |
| EURGBP |
|
|
0.8580 -21 pips |
0.8629 -28 pips |
0.86009 | |
| GBPCAD |
|
|
1.7014 -135 pips |
1.7154 -5 pips |
1.71493 | |
| GBPCHF |
|
|
1.1196 -167 pips |
1.1444 -81 pips |
1.13626 | |
| GBPNZD |
|
|
2.0641 -185 pips |
2.0896 -70 pips |
2.08258 | |
| GBPAUD |
|
|
1.8746 -211 pips |
1.9097 -140 pips |
1.89565 | |
| GBPNOK |
|
|
0 -135648 pips |
13.8222 -2574 pips |
13.56485 | |
| GBPSEK |
|
|
13.2590 -3405 pips |
13.7155 -1160 pips |
13.59952 | |
| GBPSGD |
|
|
1.6833 -124 pips |
1.7007 -50 pips |
1.69571 |
News (GBP)
Bank Of England Moves Closer To Rate Cut
The Bank of England left its key policy rate unchanged for the sixth consecutive meeting and signaled that the first rate cut since 2020 is on the horizon. The Monetary Policy Committee decided to hold the Bank Rate at 5.25 percent again in a split vote. The current bank rate is the highest since early 2008.
RTTNews | 22h 13min ago
UK Halifax House Prices Edge Up In April
UK house prices rose only marginally in April as rising interest rate expectations weighed on the property market, data published by the mortgage lender Halifax showed on Tuesday. House prices posted a monthly increase of 0.1 percent in April, which was weaker than the expected 0.2 percent growth. However, this was in contrast to the 0.9 percent fall in March.
RTTNews | 3 days ago
UK Manufacturing Activity Slips Into Contraction
The UK manufacturing activity slid into contraction at the start of the second quarter as improvement in output and new orders were short-lived amid uncertain market conditions, client destocking and supply chain disruptions. The S&P Global final manufacturing Purchasing Managers' Index fell to 49.1 in April from a 20-month high of 50.3 in March, survey results showed on Wednesday. The score was
RTTNews | 8 days ago
