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Bank of England (BoE) Rate Decision Preview (NOV 2024)

The Bank of England (BoE) is expected to lower Bank Rate by 25bp in November.

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By : David Song
November 6, 2024 07:02 PM

British Pound Forecast: GBP/USD Bearish Channel Intact – What to Watch Next

GBP/USD’s bias remains to the downside and traders may look to sell this rally as long as rates remain below 1.2760 and the RSI holds below the 50 level.

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British Pound Forecast: GBP/USD Hits 2024 Lows, Traders Continue to Sell Rallies

GBP/USD remains in “sell rallies” mode, so bullish readers will want to be nimble against a broader backdrop that favors more downside from here.

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FTSE 100 analysis: BoE to hike rates to 15-year high – Top UK stocks

The Bank of England is expected to increase rates for a 14th consecutive time today as the battle against inflation continues.

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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.

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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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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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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Gold shines as yields plunge on BoE intervention

BoE will temporarily carry out purchases of long-dated UK government bonds at an “urgent pace,” and on “whatever scale” necessary to restore orderly market conditions.

GBP/USD: BoE intervention unlikely to help pound

BoE is attempting to soothe investor nerves after they were spooked by last week’s mini budget.

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September 28, 2022 01:00 PM
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BoE’s grim forecasts weigh on pound

…But there’s hope for GBP/USD bulls – the dollar and bond yields are weakening again.

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BoE risks losing credibility after 25bp hike

The 25-basis-point hike was priced in but failure to surprise… is a surprise in this week of central bank surprises

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BoE’s dilemma

A 25-basis-point hike is priced in, but will the BoE deliver a surprise?