Breaking News

U.K. Interest Rate Decision

Latest Release

Feb 02, 2023

Actual

4.00%

Forecast

4.00%

3.50%

Bank of England (BOE) monetary policy committee members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the GBP, while a lower than expected rate is negative/bearish for the GBP.

Importance:

Country:

Currency: GBP

Source: Bank of England

Release Date	Time	Actual	Forecast	Previous
Mar 23, 2023 (Feb)	07:00
Feb 02, 2023 (Jan)	07:00	4.00%	4.00%	3.50%
Dec 15, 2022 (Dec)	07:00	3.50%	3.50%	3.00%
Nov 03, 2022 (Nov)	07:00	3.00%	3.00%	2.25%
Sep 22, 2022 (Sep)	06:00	2.25%	2.25%	1.75%
Aug 04, 2022 (Aug)	06:00	1.75%	1.75%	1.25%

News

Dollar bounces as weak tech earnings damp risk appetite By Investing.com - Feb 03, 2023

By Geoffrey Smith Investing.com -- The dollar traded higher early in Europe on Friday, after weak earnings from three of Silicon Valley's largest companies damped risk appetite more broadly. Amazon...

Oil prices set for dismal week as recession fears mount By Investing.com - Feb 02, 2023

By Ambar Warrick Investing.com -- Oil prices rose slightly on Friday, but were headed for steep weekly losses as fears of a U.S. recession, coupled with uncertainty over an economic recovery in China...

Bank of England raises key rate by 50 bps to 4%; suggests peak rates by mid-year By Investing.com - Feb 02, 2023

By Geoffrey Smith Investing.com -- The Bank of England raised its key interest rate by another 50 basis points on Thursday, warning that its battle against inflation still isn’t over, but held out the...

Analysis

FX Daily: A More Relaxed Fed Powers the Rally By Frantisek Taborsky - Feb 02, 2023

The dollar has broken to new lows for the year after a relaxed-sounding Fed Chair Powell said there were the first clear signs of disinflation. He also failed to push back too aggressively on lower...

Rates Spark: The End Is Near By Antoine Bouvet - Feb 02, 2023

US market rates fell after the Federal Reserve decision but this looks more like a market positioning effect than anything specific from the meeting. Expect some retracement. Both the European Central...

What You Need To Know About BOE and ECB By Naeem Aslam - Feb 02, 2023

BOE As for today’s economic calendar, we have two important economic events unfolding. Firstly, it is the Bank of England’s meeting. The bank is expected to increase the interest rate by 50 basis...

BoE Interest Rate Decision Discussion

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U.S. 30Y	3.616	+-0.011	+-0.31%
Germany 10Y	2.2095	+0.0145	+0.66%

	Interest Rates	Next Meeting
BOC	4.50%	Mar 08, 2023
FED	4.75%	Mar 22, 2023
BOE	4.00%	Mar 23, 2023
ECB	3.00%	Mar 16, 2023
SNB	1.00%	Mar 23, 2023
RBA	3.10%	Feb 07, 2023
RBNZ	4.25%	Feb 22, 2023
BOJ	-0.10%	Mar 10, 2023
CBR	7.50%	Feb 10, 2023
RBI	6.25%	Feb 08, 2023
PBOC	3.65%
BCB	13.75%	Mar 22, 2023