How our GBP/USD signals closed on the last six Bank of England rate change days
Gold signals explained: how our gold signals work · every closed gold signal
This GBP/USD analysis on BoE days looks at the six times the Bank of England changed Bank Rate from August 2024 to December 2025, and how the sterling signal in our record closed on each of those days. Five of the six closed in profit, and four reached the third target, which says more about planning exits than about guessing the decision.
Below are the six days in a table, what each move was worth in pounds, how sterling stands before Thursday 5 November, and the next BoE dates in UK time with ET. The free Forexuro Telegram channel posts GBP/USD levels on trading days.
Free on Telegram. GBP/USD levels on Bank of England days, with entry, stop and three targets.
Six rate changes in sixteen months
After raising Bank Rate to 5.25% in August 2023, the Bank of England held it for a year, then cut by a quarter point six times: August and November 2024, February, May, August and December 2025. Bank Rate has stood at 3.75% since 18 December 2025, according to the Bank's own rate history. For the latest meeting, see our Bank of England November 2026 result.
Each change came at 12:00 UK time with the minutes, and five of them with the Monetary Policy Report. The full list of decisions and what moved the pound is on our Bank of England rate decision page, and the central banks overview shows where every major rate stands now.
GBP/USD analysis on BoE days: the six signals
| Decision day | Bank Rate | Our GBP/USD signal | Closed at | Pips |
|---|---|---|---|---|
| 1 August 2024 | 5.25% to 5.00% | Sell 1.2806 | Third target 1.2741 | +64 |
| 7 November 2024 | 5.00% to 4.75% | Sell 1.2970 | Third target 1.2918 | +51 |
| 6 February 2025 | 4.75% to 4.50% | Buy 1.2374 | Third target 1.2436 | +61 |
| 8 May 2025 | 4.50% to 4.25% | Sell 1.3294 | Third target 1.3207 | +86 |
| 7 August 2025 | 4.25% to 4.00% | Sell 1.3424 | First target 1.3404 | +20 |
| 18 December 2025 | 4.00% to 3.75% | Sell 1.3353 | Stop 1.3419 | see results page |
Direction was not the same each time: on 6 February 2025 the signal was a buy even though the Bank cut, and it still reached the third target. Every closed sterling trade is on the GBP/USD signal results page, including the December 2025 stop.
What those moves were worth in pounds
On a 0.10 lot GBP/USD position one pip is worth $1. At Wednesday's rate near 1.348 on our feed, that is about £0.74 a pip. The +86 pips on 8 May 2025 were worth $86, about £63.80, and the +64 pips on 1 August 2024 about £47.50. Use the GBP/USD pip value calculator to set your own stop in pounds before 12:00 UK time.
Our guide to cable and how GBP/USD trades covers why the pair moves most in the London morning, and the take profit ladder shows why the first target matters on fast decision days.
Sterling before Thursday
GBP/USD traded near 1.348 in early London trade on Wednesday 4 November on our feed, up from about 1.341 at Tuesday's close, as the dollar weakened after the US midterm result. The Wells Fargo consensus table showed Bank Rate expected to rise to 4.00% from 3.75% on Thursday, which would be the first increase since August 2023.
Check the levels on GBP/USD today on the morning of each decision. The next dates after Thursday are 17 December 2026 and 4 February 2027 at 12:00 UK time (7:00am ET), and 18 March 2027 at 12:00 UK time (8:00am ET, because the US changes its clocks on 14 March).
Follow the Bank of England with Forexuro
The free Forexuro Telegram channel posts free signals every trading day, usually between about 05:00 and 15:00 UK time, each with an entry, a stop and three targets. VIP is £99 a month or £549 one time for more signals and live management. Trading carries risk, and past results are not a reliable guide to future results.
Official sources
Primary reference pages from regulators, central banks and official bodies on the topics in this article.
- Bank of England, official Bank Rate history
- Bank of England MPC dates, decision timetable
Frequently asked questions
How many times did the Bank of England change rates in 2024 and 2025?
Six times, each a quarter point cut: two in 2024 and four in 2025, taking Bank Rate from 5.25% to 3.75%.
What time does the Bank of England announce its decision?
12:00 UK time. That is 7:00am ET most of the year, and 8:00am ET in the weeks when only the US has moved its clocks.
Where can I see every GBP/USD signal?
On the GBP/USD signal results page, which lists every closed trade with entry, stop, targets and result.
Keep reading
Bank of England rate decision · GBP/USD signal results · GBP/USD today · Economic calendar