Bank of England (BoE) | FX Bank Forecast

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14:58ZNorges Bank set to hike rates again in a close call 13:38ZMoody’s downgrades Poland’s rating amid lack of fiscal consolidation 10:45ZPoland’s domestic price pressures remain subdued as household finances weaken 08:00ZFrance’s elusive €54bn fiscal fix 07:36ZUBS On-Air: Paul Donovan Daily Audio 'Affordability, again'07:21ZDutch pension funds no longer a shock absorber of higher rates 07:15ZRomania’s lower speed limit 07:04ZThe Commodities Feed: Oil cools off from the highs 06:11ZFX Daily: New central bank calls, unchanged EUR/USD view 00:50ZICYMI: BofA keeps call for Fed hikes in October and December as spending runs hot 14:58ZNorges Bank set to hike rates again in a close call 13:38ZMoody’s downgrades Poland’s rating amid lack of fiscal consolidation 10:45ZPoland’s domestic price pressures remain subdued as household finances weaken 08:00ZFrance’s elusive €54bn fiscal fix 07:36ZUBS On-Air: Paul Donovan Daily Audio 'Affordability, again'07:21ZDutch pension funds no longer a shock absorber of higher rates 07:15ZRomania’s lower speed limit 07:04ZThe Commodities Feed: Oil cools off from the highs 06:11ZFX Daily: New central bank calls, unchanged EUR/USD view 00:50ZICYMI: BofA keeps call for Fed hikes in October and December as spending runs hot

FX BANK FORECAST · COVERAGE

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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 37 institutional desks. No promotion.

BoE & the GBP: common questions

Date	Event	Country	Impact	Consensus	Previous
2026-09-22	CBI Industrial Trends Orders (Sep)	UK	Med	-34	-25
2026-09-23	S&P Global Services PMI (Sep)	UK	High	52 Points	52.5 Points
2026-09-23	S&P Global Manufacturing PMI (Sep)	UK	High	51.4 Points	51.7 Points
2026-09-23	CBI Industrial Trends Orders (Sep)	UK	Med	-40	-25
2026-09-24	CBI Distributive Trades (Sep)	UK	Med	-50	-48
2026-09-24	Consumer Confidence (Sep)	UK	Med	-16%	-14%
2026-09-25	BoE Gov Bailey Speech	UK	Med	—	—
2026-09-25	CBI Distributive Trades (Sep)	UK	Med	-22	-48

When is the next BoE meeting?

The next Bank of England (BoE) policy decision is scheduled for Nov 5. Because Bank of England sets monetary policy for the GBP, its rate decisions and forward guidance are among the most important scheduled catalysts for GBP exchange rates, and sell-side FX desks reposition their GBP forecasts around each meeting. FX Bank Forecast tracks how the major investment banks' GBP targets shift before and after BoE decisions, so you can see whether the consensus is moving with the policy path or diverging from it. Watching the cross-bank reaction to each meeting is often a more durable signal than any single house call.

What is the BoE's current policy stance?

Bank of England's policy lean is read from its most recent decisions and guidance. A more hawkish stance — biased toward higher-for-longer rates — tends to be supportive of the GBP, while a dovish, easing-biased stance tends to weigh on it, though the market reaction always depends on what was already priced in. What matters for GBP forecasting is less the stance in isolation than how it compares with what investment banks expected and how it shifts the projected rate path. FX Bank Forecast aggregates how 37 major banks read the BoE path and translates it into where the GBP consensus and its dispersion sit.

How does the BoE affect the GBP?

Monetary-policy expectations are one of the dominant drivers of currency moves, so Bank of England's decisions — and, just as importantly, how they compare with other central banks — feed directly into where strategists set their GBP targets. Relative policy paths (the BoE versus the Fed and other majors), the pace of cuts or hikes, and the tone of guidance are the channels through which BoE actions transmit into the GBP. FX Bank Forecast compares the published GBP forecasts of 37 major investment banks side by side and shows how that consensus — and the spread of views around it — shifts as the BoE outlook evolves.

See the GBP bank consensus and how it shifts around BoE decisions

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Bank of England

Meeting Schedule (2026)

Policy-rate trajectory

Upcoming Macro Calendar — United Kingdom

Bank Consensus on GBP

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BoE & the GBP: common questions

When is the next BoE meeting?

What is the BoE's current policy stance?

How does the BoE affect the GBP?