6:14 AM · 6 August 2020

BREAKING: GBP jumps as BoE sees smaller GDP drop this year

Bank of England announced a monetary policy decision at 7:00 am BST. The Bank left rates unchanged and the decision was unanimous. However, British pound caught a bid thanks to a new set of forecasts. BoE expects GDP to contract 9.5% this year against the previous forecast of 14% contraction. However, GDP growth forecast for 2021 was lowered to 9% from previous 15%.

GBPUSD surged above 1.3160 on updated forecasts from Bank of England. Source: xStation5

30 October 2026, 3:33 PM

Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?

29 October 2026, 1:19 PM

ECB Holds Rates Unchanged💶 EURUSD down 📉

29 October 2026, 10:13 AM

There is no good scenario for the euro today

29 October 2026, 7:25 AM

Economic Calendar: ECB Decision, PCE Inflation, and Amazon Earnings in the Spotlight 🚨

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