Bank of England Reports Published in August 2021

Bank Rate maintained at 0.1% – August 2021 Read the report

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.

Monthly Decision Maker Panel data – August 2021 – Read the report

In August, businesses estimated that both their sales and investment in 2021 Q3 would be 7% lower than they otherwise would have been because of Covid, with employment 6% lower.

PRA Regulatory Digest – August 2021 – Read the report

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

Britain faces £371bn savings shortfall, says bank

From: The BBC

Britons are facing a multibillion savings shortfall, despite many putting away extra cash during the pandemic, according to a new report.

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British Pound (GBP) Price Outlook: EUR/GBP Primed for Move Higher

From: Daily FX

GBP/USD continues to edge higher as the US Dollar slips back. Meanwhile, EUR/GBP looks ready for another upward move as a symmetrical triangle pattern on the charts suggests further gains ahead.

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US Consumer Prices Rise Less Than Expected

From: Daily Forex

According to data released by the US Department of Labor Statistics, the Consumer Price Index stood at 0.5% in July, in line with expectations and lower than June’s 0.9%. In yearly terms, the CPI rose by 5.4%, over expectations of 5.3% and the same as the previous month.

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UK house prices bounce back unexpectedly in August

From: Reuters

British house prices rebounded surprisingly strongly in August, chalking up their second-biggest monthly rise in 15 years after a fall the month before when a pandemic-era tax break began to be phased out.

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Euro zone inflation surges to 10-year-high, in headache for ECB

Euro zone inflation surged to a 10-year-high in August with further rises likely, challenging the European Central Bank’s benign view on price growth and its commitment to look past what it deems a temporary increase.

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FX Rates in August


Aug High: 1.181
Aug Low: 1.1653
Aug End: 1.1666




Aug High: 1.3923
Aug Low: 1.361
Aug End: 1.3798




Aug High: 1.1866
Aug Low: 1.1671
Aug End: 1.1827