Tag: boe

BoE, also known as Bank of England, is the central bank of United Kingdom. It is one of the most powerful institutions in the world, actions of which affect almost anyone on the planet.
GBP/USD crashes to all-time lows, touches 1.04

GBP/USD crashes to all-time lows, touches 1.04

This article provides an analysis of the British pound's recent decline and the possibility of a potential parity with the US dollar.
GBP/USD trades weaker following BoE rate hike

GBP/USD trades weaker following BoE rate hike

The Pound has failed to capitalize on today's BoE decision. dropping to daily lows during the US session.
GBP/USD drops after dovish BoE decision

GBP/USD drops after dovish BoE decision

The Bank of England hiked rates to 1.75%, but the Pound declined anyways as the central bank indicated an incoming recession.
GBP/USD remains resilient in risk-aversion trading

GBP/USD remains resilient in risk-aversion trading

Sterling could come under renewed selling pressure as long as it trades below May's lows.
GBP/USD erases post-CPI losses, climbs to daily highs

GBP/USD erases post-CPI losses, climbs to daily highs

It looks like the GBP has quickly erased today's post-CPI losses as traders are selling the greenback heading into Powell's testimony.
GBP/USD jumps to 1.23 amid USD weakness

GBP/USD jumps to 1.23 amid USD weakness

The Bank of England has decided to raise the Bank Rate by 25 basis points to 1.25%. The central bank declared that inflation is set to peak at an alarming 11 percent by the end of the year.
GBP/USD drops to 1-mth lows amid risk-aversion

GBP/USD drops to 1-mth lows amid risk-aversion

Sentiment deteriorated sharply Monday, sending the GBP/USD pair to one-month lows.
GBP/USD below 1.25 as dollar accelerates again

GBP/USD below 1.25 as dollar accelerates again

This week will be dominated by the Bank of England's monetary policy decision and the Federal Reserve's monetary policy decision.
GBP/USD craters after weak UK retail sales

GBP/USD craters after weak UK retail sales

The GBP/USD pair slid more than 1% on Friday, undermined by the miserable UK data and the global strength of the greenback.
GBP/USD falls as BoE disappoints

GBP/USD falls as BoE disappoints

Today, the Bank of England hiked rates by 25 bps, bringing the main refinancing rate to 0.75%. However, the MPC surprised investors by only 8 out of 9 members voting for a rate hike, while everyone expected a unanimous decision.