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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 |
|
|
1.3050 -428 pips |
1.3388 +90 pips |
1.34776 | |
| GBPJPY |
|
|
189.2876 -528 pips |
194.2058 +36 pips |
194.564 | |
| EURGBP |
|
|
0.8379 -11 pips |
0.8449 -59 pips |
0.83899 | |
| GBPCAD |
|
|
1.8214 -425 pips |
1.8534 +105 pips |
1.86387 | |
| GBPCHF |
|
|
1.1101 -60 pips |
1.1345 -184 pips |
1.11612 | |
| GBPNZD |
|
|
2.2114 -499 pips |
2.1506 +1107 pips |
2.26128 | |
| GBPAUD |
|
|
2.0300 -655 pips |
2.1063 -108 pips |
2.09555 | |
| GBPNOK |
|
|
13.6938 -115 pips |
13.7097 -44 pips |
13.70526 | |
| GBPSEK |
|
|
12.8863 -1102 pips |
13.1221 -1256 pips |
12.99653 | |
| GBPSGD |
|
|
1.7330 -51 pips |
1.7583 -202 pips |
1.73808 |
News (GBP)
UK Retail Sales Growth Tops Expectations On Warm Weather
UK retail sales rebounded more than expected in April as good weather boosted food store sales, official data showed on Friday. A monthly survey today showed that British consumer confidence strengthened in May on hopes of easing trade tensions and the interest rate reduction by the Bank of England. Retail sales grew 1.2 percent on a monthly basis in April, following a revised 0.1 percent rise
RTTNews | 4 days ago
UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax
UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.
RTTNews | 6 days ago
UK Economy Expands Most In A Year
The U.K. became the fastest growing economy in the G7 league as the country logged the biggest economic expansion in a year in the first quarter that exceeded expectations, thanks to a shift in trade activity ahead of the imposition of higher tariffs by the U.S. Gross domestic product expanded 0.7 percent sequentially, following a 0.1 percent growth in the previous quarter, the first estimate fr
RTTNews | 12 days ago
