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GBP/USD forecast: What does BoE’s rate hike mean for pound?

Despite struggling post the BoE rate decision, the longer-term GBP/USD forecast remains bullish. But in the short-term, a drop back to 1.25 cannot be ruled out.

EURGBP outlook, USDJPY outlook: Two trades to watch

Will the BoE boost the pound? USD/JPY falls despite dovish BoJ minutes & after cooling US CPI.

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May 11, 2023 09:03 AM
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European Open: China’s CPI barely inflates, BOE meeting in focus

At 0.1% y/y, China’s consumer price inflation is at levels other economies can only dream of. Next up the BOE’s monetary policy decision.

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May 11, 2023 08:08 AM

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GBP/USD forecast: BoE Preview

The ongoing bullish GBP/USD forecast is likely to change only modestly as the Bank of England (BoE) is unlikely to deliver a dovish surprise with inflation remaining in double-digits.

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May 9, 2023 03:30 PM
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GBP/USD outlook: US inflation and BOE meeting to drive the pound

US inflation and Thursday's BOE meeting are key events for GBP/USD traders to keep an eye on, ahead of the UK's data dump on Friday.

BoE lifts interest rates to highest since 2008

A 25-basis point rate hike was mostly priced in, especially in light of the latest inflation data that was released on Wednesday

Two Trades to Watch: GBP/USD, Gold

GBP/USD rises ahead of BoE rate decision. Gold rises post Fed and looks to jobless claims.

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March 23, 2023 09:26 AM
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European Open: BOE and SNB could be live meetings today

With the FOMC meeting in the rear view mirror, the focus now shifts to Europe where the UK and SNB announce their interest rate decisions.

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March 23, 2023 06:55 AM
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GBP/JPY extends recovery as hot CPI boosts BoE hike odds

The GBP/JPY has been supported by a double dose of bullish factors this week.

BoE’s dovish hike leaves pound in limbo

Investors are wondering whether the BoE was done with hiking...

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February 2, 2023 01:48 PM
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European Open: EUR/GBP probes YTD high ahead of BOE and ECB meetings

With the Fed having delivered their 25bp yesterday, it is now over to the BOE ECB today, who are expected to hike by 100bp between them.

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February 2, 2023 06:04 AM
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US Data Dump dominates central banks

With Thursday’s poor economic data and the Fed still hiking rates (albeit at a slower pace), a recession may be in the cards for the US!

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December 15, 2022 10:29 PM
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BoE split in decision to hike by 50 bps

Two MPC officials, Tenreyro and Dhingra, voted to keep rates unchanged at 3%

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December 15, 2022 01:27 PM
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European Open: FTSE bulls eye 7600 - SNB, BOE and ECB up next

The bullish bias on the FTSE is holding up so far, and attention now moves over to central bank meetings with the SNB, BOE and ECB over a 7-hour period today.

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December 15, 2022 07:03 AM
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GBP/USD: What’s with all that?

If GBP/USD can move lower due to the Fed being more aggressive than the BOE, is the reverse true as well?

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November 28, 2022 09:32 PM
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Markets looking for higher Central Bank terminal rates

Major central banks around the world have been hiking rates at an unprecedented pace in order to try and cap inflation, which in some countries is at or near 40-year highs.

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November 9, 2022 09:51 PM
Multiple pound notes £5, £20 and £50 Pound Sterling

FOMC + BOE could send GBP/USD spiraling

GBP/USD is already down roughly 400 pips from Thursday’s high. Can it move lower? With a hawkish FOMC and a dovish BOE, it sure seems possible.

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November 3, 2022 05:35 PM

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BOE delivers a "dovish" 75bps hike

The BoE’s decision comes hot on the heels of the FOMC meeting the day before

November 3, 2022 01:25 PM
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Truss out as UK Prime Minister. What’s next for GBP/USD?

Liz Truss is out as Prime Minister of the UK. Whoever is selected as the next PM surely will not make the same economic mistakes that cost Truss her job. Therefore, the focus for the Pound will turn back to the Bank of England.

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October 20, 2022 05:33 PM
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Truss out as UK Prime Minister. What’s next for GBP/USD?

Liz Truss is out as Prime Minister of the UK. Whoever is selected as the next PM surely will not make the same economic mistakes that cost Truss her job. Therefore, the focus for the Pound will turn back to the Bank of England.

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October 20, 2022 05:33 PM
Research

UK CPI preview: A return to double-digit inflation on tap

This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November decision on interest rates...

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October 17, 2022 04:31 PM
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UK CPI preview: A return to double-digit inflation on tap

This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November decision on interest rates...

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October 17, 2022 04:31 PM
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FTSE, pound and bonds undermined on UK financial stability concerns

Investors fear that the UK government is borrowing too much and that it won’t be able to balance its books

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October 11, 2022 12:46 PM