Bank of England Reports Published in October 2023
Latest results from the Decision Maker Panel survey – 2023 Q3 – Read the report
The Decision Maker Panel (DMP) is a survey of Chief Financial Officers from small, medium and large UK businesses.
UK International Reserves – October 2023 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – October 2023 – 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.
Interest rates: How the Bank of England’s decision affects you and your money
From: The BBC
The Bank of England has held interest rates for the second time in a row following a run of 14 consecutive increases.
The Bank rate, set by the Monetary Policy Committee, is unchanged at 5.25%.
Another hold may bring some relief to homeowners who have seen mortgage rates rise and potentially the end of better news for savers.
GBP Price Forecast: Pound Clinging to Post–BoE Gains
From: Daily FX
- BoE sentiments linger in favor of sterling.
- US NFP and services PMI to dominate headlines later today.
- GBP/USD eyes symmetrical triangle breakout.
Elevate your trading skills and gain a competitive edge. Get your hands on the British Pound Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar.
GBP/USD: Weekly Forecast 5th November – 11th November
From: Daily Forex
The GBP/USD will go into this week of trading near the 1.23775 level, which is a good polite distance away from lows that were seen last Monday when the currency pair hit the 1.20900 vicinity. Solid and durable support equilibrium last week was technically efficient, and the price of GBP/USD incrementally gained on Tuesday, late Wednesday, and Thursday and then surged higher on Friday. Yes, reversals lower for the GBP/USD certainly occurred, but speculators who were fortunate enough to be buyers may have produced a rather profitable week.
UK house prices show surprise rise in October – Nationwide
From: Reuters
LONDON, Nov 1 (Reuters) – British house prices unexpectedly rose by almost 1% in October but the increase was due more to a lack of homes for sale than a turnaround in the market which has been hit by a jump in borrowing costs, mortgage lender Nationwide said.
UK’s National Grid to speed up connection of 20 GW of clean energy projects
From: Reuters
Nov 6 (Reuters) – National Grid (NG.L) said on Monday it was speeding up the connection of up to 20 gigawatts (GW) of clean energy projects to its electricity transmission and distribution networks in England and Wales.
FX Rates in October
GBP/EUR
October High: 1.1578
October Low: 1.1441
October End: 1.1441
GBP/USD
October High: 1.2301
October Low: 1.2072
October End: 1.2153
EUR/USD
October High: 1.0674
October Low: 1.0473
October End: 1.0615