BREAKING: Bank of England leaves rates unchanged, GBP surges

The Bank of England decided to hold interest rates unchanged at today’s meeting with a number of dissenters to the decision remaining at 2. The Bank cut growth outlook and said that it expects CPI to remain below target until end-2021. However, GBPUSD caught a bid after the decision was announced as there were concerns that BoE may decide to cut rates. Press conference of Governor Carney will start at 12:30 pm GMT.

GBPUSD broke out of its short-term trading range in the aftermath of decision announcement and tested resistance at 38.2% Fibo level of downward move started at the beginning of the year (1.3080). Source: xStation5

17 October 2025, 10:42 AM

Chart of the day - EURUSD (17.10.2025)

17 October 2025, 10:01 AM

BREAKING: Final inflation reading matches expectations. Core HICP inflation marginally higher

17 October 2025, 7:47 AM

Economic calendar: Eurozone inflation at the week’s close

17 October 2025, 7:10 AM

BREAKING: Sweden's Unemployment Rate Slightly Decreases

forex

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BREAKING: Bank of England leaves rates unchanged, GBP surges

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