Tag: boe

Brexit Time Bomb GBP Pound Plummets to 8-Week Low

The Brexit Time Bomb continues to have its disruptive effect in the GBP Pound that Plummets to 8-Week Low. What will happen in the...

GBP/USD Touches 5-Year Lows on Weak Factory Data

GBP/USD plunged on Tuesday, falling to five-year lows on weak UK factory data and rising demand for the dollar in the wake of China’s...

GBP/USD Declines as BOE Leaves Rates Unchanged

The GBP/USD declined more than 100 pips Thursday, as the Bank of England acknowledged renewed downside to inflation while voting to keep interest rates...

GBP/USD: Cable Rallies as BOE Unanimous on Holding Interest Rates

The GBP/USD advanced on Wednesday for the first time in three days after the minutes of the July Bank of England policy meetings suggested...

GBP/USD Plunges as Inflation Turns Negative

The GBP/USD plunged around 200 pips on Tuesday, as UK inflation entered negative territory for the first time on record, supporting expectations for a...

BOE Keeps Monetary Policy Unchanged

The Bank of England held monetary policy steady in April, as policymakers continued to monitor the path of inflation just days after the Conservative...

GBP/USD Surpasses 1.50

The GBP/USD surged on Wednesday, climbing to its highest level since early March following unexpected dissent at the Bank of England. The GBP/USD traded at...

Bank of England Unanimous in Holding Interest Rates

The Bank of England’s rate setting body was unanimous in holding interest rates at record lows in April, although showed more optimism about the...

GBP/USD Resumes Downtrend

The GBP/USD declined for a second consecutive day on Friday, as weak economic data further diminished the likelihood the Bank of England would consider...

UK Fourth Quarter GDP Revised Upward

UK gross domestic product rose faster than initially forecast in the fourth quarter, a sign the economy was progressing briskly amid regional volatility and...

BOE Votes 9-0 in Keeping Rates at 0.5%

The Bank of England voted unanimously in keeping interest rates at record lows in March, expressing concerns that a stronger British pound would keep...

Bank of England to Keep Interest Rates at Historic Lows

Today, the Bank of England released its quarterly Inflation Report, which came with the announcement that interest rates would be kept at historic lows...