Bank of England (BoE) news

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.

GBP/USD - UK in recession but that's unlikely to sway the BoE yet

UK GDP -0.3% in Q4 and -0.1% in December BoE not concerned about recession GBPUSD momentum fading near February lows? The UK fell into recession in the second half of last year after GDP figures for the fourth quarter showed a steeper contraction than expected. While a recession was expected ahead of the release, the fourth quarter number was slightly worse despite December performing better than anticipated.

15-02-2024 04:58 GMT by Craig Erlam

EUR/GBP - A step in the right direction for the UK but BoE will remain cautious

UK wage growth slows to 5.8% (inc bonus) and 6.2% (exc bonus) in December CPI eyed tomorrow with UK expected to be confirmed as in recession on Thursday EURGBP sell-off accelerates in key support zone The UK continues to make progress toward being able to cut interest rates but as has been the case throughout the last couple of years, the process is not straightforward. The good news is that wage growth is slowing at a good pace after peaking last summer and near-term trends are very p

13-02-2024 09:20 GMT by Craig Erlam