Economic calendar
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Thursday 5 November 2026
GBP BOE Official Bank RateOfficial Bank Rate Forecast 4.00%Previous 3.75%
- What it is
- The main interest rate of the United Kingdom, set by the Bank of England's (BOE) Monetary Policy Committee.
- Why it matters
- It is one of the biggest drivers of the pound, because interest rates affect borrowing costs, inflation and capital flows.
- Usual market reaction
- Prices usually react to the actual rate compared with the forecast. A rate higher than expected, or a hawkish signal from the BOE, tends to support the pound, while a lower one often weighs on it. Gold is usually affected only indirectly, through moves in the US dollar. If the result matches expectations, the accompanying statement often matters more.
GBP BOE Monetary Policy SummaryMonetary Policy Summary
- What it is
- A document the Bank of England (BOE) publishes alongside its interest rate announcement, explaining the reasons for its decision and its view on inflation and the economy.
- Why it matters
- Traders read it to judge whether the BOE is leaning toward raising or cutting rates. It is usually considered highly important because it comes out with the rate decision.
- Usual market reaction
- Prices usually react to the wording compared with what the market expected. If the tone is more hawkish than expected, such as worry about inflation, the pound often gains support; if it is softer or hints at rate cuts, the pound tends to weaken. Pairs like GBP/USD can swing sharply when it is released.
GBP BOE Monetary Policy Report
- What it is
- A quarterly report from the Bank of England (BOE), released alongside its rate decision, with forecasts for inflation and economic growth.
- Why it matters
- It shows how the BOE sees the economy and inflation, which is linked to the future path of interest rates. It is usually a major event for the GBP.
- Usual market reaction
- Traders usually listen for hints about interest rates. Higher inflation forecasts or a firm tone often support the GBP, while weaker growth forecasts or a softer tone tend to weigh on it. Markets often react to what differs from expectations and can be volatile around the press conference.
GBP MPC Official Bank Rate Votes Forecast 7-0-2Previous 3-0-6
- What it is
- A breakdown of how each member of the BOE's Monetary Policy Committee (MPC) voted, for example to hold, raise or cut rates. It is released with the rate decision.
- Why it matters
- The vote split helps show where rates might go next. When members disagree strongly, the market usually pays closer attention.
- Usual market reaction
- Prices usually react to the votes compared with what the market expected. If more members vote to raise rates than forecast, the pound often gains support; if more vote to cut than expected, it tends to weaken. Traders often treat dissenting votes as a clue that policy may be changing direction.
GBP BOE Governor Bailey SpeaksBOE Gov Bailey Speaks
- What it is
- A speech or public comments by the Governor of the Bank of England (BOE), Andrew Bailey, on the economy, inflation and monetary policy.
- Why it matters
- The Governor is the most influential voice at the BOE, so his words are often used to read where interest rates may head. Its importance depends on the topic and timing.
- Usual market reaction
- Traders usually listen for hints about rate hikes or cuts and compare the tone with what the market expected. A more hawkish tone than expected tends to support the pound, while a softer tone or worry about slower growth often weighs on it. Prices can be volatile during the speech, especially in any question-and-answer session.
USD US Unemployment ClaimsUnemployment Claims Forecast 197KPrevious 194K
- What it is
- This is a weekly figure showing how many people in the US filed for unemployment benefits for the first time. It is published by the US Department of Labor.
- Why it matters
- It is an early signal of how healthy the job market is, which the Fed considers when setting interest rates. The figure can swing from week to week, so it is usually of medium importance.
- Usual market reaction
- Prices tend to react to the actual figure compared with the forecast. This data works in reverse: a lower-than-forecast number suggests a stronger job market and usually supports the US dollar, while a higher-than-forecast number suggests a weaker one and often weighs on the dollar. Gold often moves opposite to the dollar in the short term.
Calendar data from Forex Factory. Explanations are written by AI for education, not investment advice.