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47 High Impact Event
Trading Bank of England (BOE) Rate Decision on Prop Firms
The Bank of England's Monetary Policy Committee (MPC) announces its interest rate decisions and publishes the meeting minutes simultaneously. This event is the primary driver for the British Pound (GBP). The vote split among the 9 committee members is often scrutinized just as closely as the rate itself.
The Vote Split
The BOE releases the voting breakdown (e.g., 7-2 in favor of a hike). A surprise in the voting split often causes massive GBP volatility even if the rate remains unchanged.
Simultaneous Release
Unlike the Fed and ECB, the BOE releases the rate decision and the meeting minutes at the exact same time (7:00 AM EST), causing an immediate, violent market reaction.
Inflation Report
Four times a year, the BOE also releases the Monetary Policy Report alongside the rate decision. These "Super Thursdays" are exceptionally volatile.
Release Info
Region: UK | Frequency: 8 times per year | Usual Time: 07:00 AM EST
Find Your Perfect Firm47 Results
| # | Firm | Rating | Actions |
|---|---|---|---|
1 | FTMO 19/10% off | 4.8 | |
2 | 4.8 | ||
3 | 4.6 | ||
4 | 4.8 | ||
5 | 4.8 | ||
6 | 4.2 | ||
7 | 4.8 | ||
8 | 4.4 | ||
9 | 4.6 | ||
10 | 4.5 | ||
11 | 4.5 | ||
12 | 4.5 | ||
13 | 4.7 | ||
14 | 4.7 | ||
15 | 4.8 | ||
16 | 4.6 | ||
17 | 4.5 | ||
18 | 4.5 | ||
19 | 4.5 | ||
20 | 4.3 | ||
21 | 4.3 | ||
22 | 4.4 | ||
23 | 4.5 | ||
24 | 4.8 | ||
25 | 4.4 | ||
26 | 4.5 | ||
27 | 4.6 | ||
28 | 4.4 | ||
29 | 4.4 | ||
30 | 4.5 | ||
31 | 4.3 | ||
32 | 4.4 | ||
33 | 4.5 | ||
34 | 4.6 | ||
35 | 4.7 | ||
36 | 4.4 | ||
37 | 4.4 | ||
38 | 4.7 | ||
39 | 4.6 | ||
40 | 4.5 | ||
41 | 4.5 | ||
42 | 4.4 | ||
43 | 4.5 | ||
44 | 4.6 | ||
45 | 4.4 | ||
46 | 4.5 | ||
47 | 4.5 |
Frequently Asked Questions
When does the BOE announce rates?
The BOE announces its rate decisions at 12:00 PM London time (usually 7:00 AM EST), making it a major catalyst during the early US session.
Are GBP crosses restricted during BOE?
Yes, prop firms with news rules will restrict all GBP pairs, including GBPJPY, GBPAUD, and EURGBP during the release.