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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 06:02 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.

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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How central banks control money

Money supply is directly controlled by central banks of influential countries around the world. Learn how they decrease and increase money supply in this article.

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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 12:48 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 12:27 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 12:25 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 12:00 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?

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BoE Preview: MPC won’t deviate much from recent hawkish path

The Bank of England looks set to hike rates by 0.25%, but how will this impact the pound?

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European Open: BOE’s tone to make or break hopes of February hike

Thanks to ‘Plan B” in the UK there is little hope for BOE to hike rates today. And the pound’s reaction is likely to be around the perceived odds of a hike in February.

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December 16, 2021 05:26 AM
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GBP/USD near year-to-date lows amidst worst week since August

It’s clear that GBP/USD bears have the upper hand in the short term...

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BoE Action As London Looks Down The Barrel To A Lock Down

BoE to the rescue ahead of London lock down

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March 19, 2020 11:29 AM
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Market Reaction to Sunak's Spending Spree

Market Reaction to Sunak's Spending Spree

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March 11, 2020 10:53 AM

BoE surprise cut boosts FTSE

The Bank of England surprised the markets by cutting interest rates by 50 basis points, trying to shelter the UK economy from economic damage that could be inflicted by the spread of the coronavirus.

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March 11, 2020 06:01 AM
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EUR/GBP Could Reach Near .9000

Due to the inequality of the cuts, GBP should move lower at a faster pace than the Euro.

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Same Old Trading for GBP/USD after Brexit

Today officials from both sides began laying out the groundwork for a new agreement