OANDA Senior Market Analyst Craig Erlam discusses the latest moves in GBPUSD on the back of the latest UK inflation report and what it all means for BoE interest rates.
Jul 20, 2023
by Craig Erlam
The Bank of England (BoE) is the central bank of the United Kingdom. Its primary objective is to maintain price stability, targeting a 2% inflation rate. The BoE uses interest rate adjustments and quantitative easing to influence the economy and achieve its inflation target. It also plays a key role in ensuring financial stability in the UK.