BoE Interest Rate Decision comes in at 3.75% against 3.75% consensus

The Bank of England’s Interest Rate Decision, released today, July 30, 2026, at 11:01 UTC, saw the official bank rate maintained at 3.75%. This outcome was precisely in line with the market consensus of 3.75%, resulting in a 0.0% surprise. The previous interest rate also stood at 3.75%, indicating no change from the prior policy meeting.

Following the announcement, market reaction across major GBP pairs has been relatively subdued in the initial 15 minutes. EURGBP moved up 4.7 pips, while GBPAUD declined 8.9 pips. GBPCAD saw a decrease of 11 pips, and GBPCHF was down 3.7 pips. GBPJPY fell 18 pips, and GBPNZD moved lower by 11 pips. GBPUSD also experienced a decline of 8.6 pips. These measured movements are small when compared to the typical median 1-hour moves observed after past BoE Interest Rate Decisions. For instance, EURGBP typically sees a median 1-hour move of 19 pips, GBPAUD 42 pips, GBPCAD 40 pips, GBPCHF 28 pips, GBPJPY 44 pips, GBPNZD 51 pips, and GBPUSD 31 pips.