BREAKING: GBP jumps as BoE sees smaller GDP drop this year

Bank of England announced a monetary policy decision at 7:00 am BST. The Bank left rates unchanged and the decision was unanimous. However, British pound caught a bid thanks to a new set of forecasts. BoE expects GDP to contract 9.5% this year against the previous forecast of 14% contraction. However, GDP growth forecast for 2021 was lowered to 9% from previous 15%.

GBPUSD surged above 1.3160 on updated forecasts from Bank of England. Source: xStation5

18 November 2025, 16:42

Fed's Barkin remarks on US economy 🗽EURUSD drops to 1.157

18 November 2025, 15:03

BREAKING: US macro data weaker than expected 📌Orders revised slightly lower

18 November 2025, 07:17

Economic Calendar: A Quiet Tuesday on the Markets, but the US Draws Attention (18.11.2025)

17 November 2025, 06:55

Economic calendar: inflation from Canada and GDP from Switzerland 🔎

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BREAKING: GBP jumps as BoE sees smaller GDP drop this year

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