Bank of England — News Archive


Pound Rallies on Upbeat UK Retail Sales Report and Positive Sentiment

The Sterling pound rallied against the dollar boosted by the upbeat UK retail sales report released earlier today as investor appetite for the pound remained high. The GBP/USD currency pair’s gains were limited by worries that the EU could halt vaccine shipments to the UK, slowing down its vaccination programme and retaliatory Chinese sanctions.

Pound Tumbles After BoE Keep Rates Steady Amid Rising US Treasury Yields

The Sterling pound fell against the dollar following the Bank of England’s dovish interest rate decision despite a unanimous vote to maintain the current rates. The GBP/USD currency pair’s decline was also fueled by the rising US Treasury yields, which boosted the dollar at the pound’s expense. The pair later recouped some losses.

Pound Falls Against Dollar on Dovish Bailey Comments, Later Recoups Losses

The Sterling pound fell against the dollar as markets reacted to dovish comments by the Bank of England Governor regarding the bank’s bond purchases. The GBP/USD currency pair recovered most of its losses later in the session largely due to the dollar’s weakness as more European countries halted AstraZeneca’s vaccine’s rollout.

Pound Falls Against the Dollar on Dovish BoE, Upbeat US Non-Farm Payrolls

The Sterling pound fell against the dollar, extending a 3-day decline driven by the greenback’s rally during the same period and the dovish investor sentiment. The GBP/USD currency pair fell further after the release of upbeat US jobs data that boosted the greenback at the pound’s expense as investors wait for US stimulus.

Pound Falls Against Dollar for Second Session on Dovish BoE Speeches

The Sterling pound fell against the resurgent dollar on February’s last trading day as institutional money managers rebalanced their portfolios to close the month. The GBP/USD currency pair fell for the second consecutive day as the dollar surged higher amid concerns that too much stimulus could be bad for the British economy.

Pound Falls Against Strong Dollar, Later Recovers on BoE Rate Decision

The Sterling pound today fell against the much stronger dollar in the first half of the day’s session driven by the predominantly risk-off market sentiment. The GBP/USD currency pair recouped all its losses and turned positive after the Bank of England announced its hawkish interest rate decision.

Pound Weak Despite Positive Revision to UK Services PMI

The Great Britain pound was one of the weakest currencies on the Forex market during Wednesday’s trading despite the positive revision to Britain’s services PMI. Markets now focus on Thursday’s monetary policy announcement from the Bank of England.

GBP/USD Rises Amid Higher-Than-Expected Inflation, Aggressive Vaccinations

The British pound sterling rose against its major currency peers amid higher-than-expected inflation to cap off 2020 in the United Kingdom. Across the board, the cost of living was higher in December, leading to speculation that this could be the start of soaring price inflation in the aftermath of billions in fiscal and monetary stimulus and relief. But how much of an impact will this have on the pound?

Pound Firms as BoE Members Comment on Negative Interest Rates

The Great Britain pound rallied today, trading as the strongest major currency on the Forex market. Analysts explained the rally by comments from central bank’s officials regarding the outlook for negative interest rates.

Pound Falls on Brexit Uncertainty As Talks Reach Critical Phase

The Sterling pound today fell against the dollar buffeted by Brexit headlines with both sides are working on getting a deal but preparing for a no-deal Brexit scenario. The GBP/USD currency pair completely ignored the release of the upbeat UK retail sales report as Brexit news remained the dominant factor fueling the pair’s price.