Currency analysts at ING expect interest rate cuts will undermine the Pound with the Pound to Euro ( GBP/EUR) exchange rate weakening to 1.1365 on a 6-month view. GBP/EUR failed to break above the key ...

The U.K.’s central bank left its key rate at 5.25% but indicated it could lower it in the coming months—possibly as early as June.

The fading impact of interest rates and a larger population will provide a tailwind to the UK in the coming years, the Bank of England said.

Speaking at an event run by the Institute of Chartered Accountants in England and Wales (ICAEW), Pill stressed that the Bank's focus would be on the persistent components of inflation in the weeks ...

The Pound US Dollar (GBP/USD) exchange rate surged last week followed renewed signs that US inflation is back on track towards the Federal Reserve’s 2% target rate. The pairing closed the week at ...

The Bank of England is anticipated to keep interest rates steady at 5.25%, marking the sixth consecutive hold, as announced on Thursday.

The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fal ...

Others forecast just one or two cuts from ... but we still expect the Fed, ECB, and Bank of England to cut interest rates by more than markets are currently pricing in over the next 18 months.

The Bank of England has forecasted that UK GDP will rise by 0.2% in the second quarter of 2024, following 0.4% growth recorded in the first three month of this year.

The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to ...

The Bank of England is set to leave interest rates on hold again on Thursday, but policymakers could signal a willingness to cut rates in the near future if inflation continues to fall.

And with economy struggling to grow, calls for a cut have been getting louder. But at the same time, there have been signs of stubbornly sticky aspects to inflation, not least in ...