Bank of England Should Hold Interest Rates, Shadow MPC Says

Sterling steady as traders eye Bank of England decision

GBP/USD consolidates ahead of Bank of England rate decision

The Pound Sterling (GBP) traded in a narrow range against the US Dollar (USD) on Tuesday, edging modestly higher to near 1.3700 as markets adopted a cautious stance ahead of the Bank of England's (BoE) first policy decision of 2026.

Bank of England should hold interest rates, Shadow MPC says

The Bank of England should hold interest rates to get inflation back down to two per cent, City AM’s Shadow Monetary Policy Committee has said, as policymakers find insufficient evidence to lower borrowing costs.  The nine economists, who responded independently from their respective organisations, said recent data on price growth should be treated cautiously by the Bank despite the prospect of inflation rapidly easing after April due to lower e…