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Bank of England chief economist Huw Pill said rates could stay unchanged or fall if UK growth stalls next year. He described the recent quarter-point increase to 4% as preemptive, while noting that markets still anticipate further hikes amid the energy shock.
A weaker growth outlook could limit or reverse expected BoE tightening, reducing support for sterling and weighing on GBP/USD. The prospect of lower rates may also ease pressure on UK borrowing costs.
economictimes.indiatimes.comBloombergNov 9, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
