Read more
06:14 · 6 August 2020

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

GBP/USD
Forex
-
-

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

12 December 2025, 07:05

BREAKING: UK GDP and manufacturing lower than expected 📉Final German CPI in line with expectations

12 December 2025, 06:54

Morning wrap (12.12.2025)

11 December 2025, 15:10

BREAKING: US wholesale sales lower than expected

11 December 2025, 13:33

BREAKING: US jobless claims above expectations🗽

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.

Join over 2 Million investors from around the world