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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Bank of England (BoE)

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Glossary
Reading time: 1 minute(s)
The Bank of England (BoE) is the central bank of the United Kingdom, founded in 1694 in London. Find out what role it plays in today's economy, and why it matters it your trading.

Table of contents

  • The Bank of England (BoE) is the central bank of the United Kingdom, founded in 1694 in London.
  • The current Governor of the BoE is Andrew Bailey, who assumed office on March 16, 2020.

It is the world’s eighth-oldest bank, and was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946. The Bank became an independent public organisation in 1998, when it became fully owned by the Treasury Solicitor on behalf of the government, but with independence in setting monetary policy.

What responsibilities does the Bank of England have?

  • British Pound Stability Management (GBP)
  • Maintaining monetary stability
  • Maintaining financial stability

Which markets does the Bank of England have the most influence on?

The decisions taken by BoE have the greatest impact on the currencies associated with GBP and UK100. That is why it is so important to observe the bank's decisions regarding interest rates.

You can find more information on interest rates in this article.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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