Read more
12:01 PM · 7 November 2024

BREAKING: EURGBP dips after BOE rate cut ✂️

EUR/GBP
Forex
-
-

12:00 PM BST, United Kingdom - BoE Interest Rate Decision for November:

  • actual 4.75%; forecast 4.75%; previous 5.00%;
  • BoE MPC vote cut : actual 8; forecast 8; previous 1;
  • BoE MPC vote hike: actual 0; forecast 0; previous 0;
  • BoE MPC vote unchanged: actual 1; forecast 1; previous 8;

The Monetary Policy Committee (MPC) aims to achieve a 2% inflation target while supporting growth and employment. On November 6, 2024, it voted 8-1 to cut the Bank Rate by 25 pb to 4.75%. While inflation has been easing, domestic pressures remain persistent. CPI inflation fell to 1.7% in September but is expected to rise to 2.5% by year-end due to energy price comparisons. Wage growth remains high, though GDP growth is slowing. The MPC's projections suggest CPI inflation will return to target over the medium term, with a gradual approach to easing policy remaining appropriate to ensure inflation risks subside.

 

 

12 December 2025, 6:23 PM

Three Markets to Watch Next Week (12.12.2025)

12 December 2025, 7:05 AM

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

12 December 2025, 6:54 AM

Morning wrap (12.12.2025)

11 December 2025, 6:46 PM

Daily summary: SILVER at a new ATH, EURUSD at its highest since October

Join over 2 000 000 XTB Group Clients from around the world

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 Comissão de Valores Mobiliários (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