BREAKING: Bank of England holds interest rates unchanged. GBPUSD gains

BoE Bank Rate: 4.5% vs 4.5% exp. and 4.5% previously

BoE MPC Vote Unchanged: 8 vs 7 exp. and 0 previously
BoE MPC Vote Hike: 0 vs 0 exp. and 0 previously
BoE MPC Vote Cut: 1 (BoE Dhingra) vs 2 exp. and 9 previously

BoE raised UK Q1 2025 GDP forecast to 0.25% from 0.1% previously, signalling that a January and February data from the UK economy came in line with expectations. BoE Mann has dropped a call for the 50 bps rate cut.

GBPUSD pair gains after the BoE decided to hold rates unchanged, in line with markets expectations. BoE Governor, Bailely commented that interest rates in the UK are on a 'gradually declining path' and 'gradual and careful' stance is appropriate. According to the bank advanced economies face downside risks and global uncertainty has increased since February 2025, also in the United Kingdom. Bank of England signals that average pay growth in 2025 will beset between 3.5 - 4% YoY according to sources.

Source: xStation5

16 October 2025, 6:56 PM

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BREAKING: Bank of England holds interest rates unchanged. GBPUSD gains

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