Read more
1:02 PM Β· 5 February 2026

BREAKING: Bank of England holds rates as expected πŸ“Œ GBPUSD ticks down on dovish vote split πŸ“‰

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

1 May 2026, 8:20 AM

Chart of the Day: Intervention on the Yen? Tokyo Challenges Speculators (01.05.2026)

1 May 2026, 7:00 AM

Morning Wrap- Wall Street Records and Oil Stabilization (01.05.2026)

30 April 2026, 6:42 PM

Daily summary: Wall Street gains, oil slides from the local high πŸ“Œ

30 April 2026, 6:09 PM

Technical analysis πŸ“ˆ Gold gains 1.5% amid weakening US dollar

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the ComissΓ£o de Valores MobiliΓ‘rios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits