BREAKING: Bank of England holds rates as expected 📌 GBPUSD ticks down on dovish vote split 📉

12:00 PM GMT, United Kingdom, BoE interest rate decision:

Reference rate: actual: 3,75%, forecast: 3,75%, previous: 3,75%
Vote split (hike-hold-cut): actual: 0-5-4, forecast: 0-7-2, previous: 0-4-5

The pound is extending its decline (GBPUSD down 0.8%; EURGBP up 0.6%), driven by a dovish split in the MPC vote, where four members favored an immediate rate cut (vs. two expected). The dip comes despite significant pressure already recorded during early trading. In the debt markets, two-year gilt yields retreated to approximately 3.65% after the central bank opted to hold rates.

Swap markets have aggressively ramped up bets for monetary easing in 2026, now pricing in nearly two full rate cuts (-44 basis points) by year-end. This dovish shift in expectations is largely a reaction to the Bank of England’s updated economic projections. The central bank lowered its 2026 GDP growth forecast from 1.2% to 0.9% and now sees inflation falling to 2.1% (down from 2.8% previously), with expectations that it will undershoot the 2% target throughout 2027 and 2028.

Source: xStation5

5 February 2026, 1:46 PM

🔵 ECB Press Conference (LIVE)

5 February 2026, 1:18 PM

BREAKING: ECB maintains rates in line with expectations!💶

5 February 2026, 12:28 PM

🚨Bitcoin crashes 4% to $69k📉Sell-off on Ethereum and Ripple

5 February 2026, 11:52 AM

Market Wrap: Pound loses ground ahead of BoE decision; SILVER and GOLD return to declines 💡

Forex
Economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days