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. 

Read more 


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. 

Read more 


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. 

Read more 


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. 

Read more 


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. 

Read more 


FX Rates in October



October High: 1.1578 
October Low: 1.1441 
October End: 1.1441





October High: 1.2301 
October Low: 1.2072 
October End:  1.2153 





October High: 1.0674  
October Low: 1.0473 
October End: 1.0615