6:19 PM · 16 February 2023

GBPUSD muted after remarks from BoE Pill

GBP/USD
Forex
-
-

Latest comments from BoE Pill failed to affect the British Pound. The Chief economist of the Bank of England opts for a slower rate hike pace and sees risk of overtightening if the present pace maintains.

The MPC will be able to assess data at both the March and May MPC meetings, with the latter benefiting from new BoE forecasts.

In line with the MPC narrative, Tuesday's labour market release indicated that the UK labour market loosened slightly in Q4, however in absolute terms, the labour market remains tight.


GBPUSD pulled back slightly towards the 1.20 mark, however as long as the pair sits above crucial support at 1.1965 another upward impulse may be launched. Source: xStation5

 

15 October 2025, 10:45 AM

Fed Collins remarks on monetary policy and US economy🏛️EURUSD gains 0.2%

15 October 2025, 7:02 AM

Morning wrap (15.10.2025)

14 October 2025, 6:48 PM

Daily Summary: Powell pulls markets back up! 📈 EURUSD higher

14 October 2025, 5:50 PM

EURUSD higher after Powell's speech! 💶📈

Join over 1 700 000 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