CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with XTB Limited. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with XTB Limited. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with XTB Limited. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

shapespecialquestright.svg

Read XTB'S Latest FX Market News
and stay up-to-date with Interest Rates

UK Interest Rates Rise to 5%

 

The Bank of England’s MPC (Monetary Policy Committee) increased UK Interest Rates by more than expected to reach 5% on 22nd June 2023, a rise of 0.5%. This was the 13th consecutive interest rate rise and the highest for 15 years as the BoE fights to cool UK inflation which continues to exceed economist expectations and remain high. UK Interest Rates are now predicted to rise to 6.5% by the start of 2024 after another surprising jump in average earnings.

 

Read the Analysis

shapespecialquestright.svg

FREE Mobile Market Alerts
Join our WhatsApp Group to get free Mobile Market Alerts

Data out on 11 July 2023, showed UK average earnings including bonuses rose by 6.9% in May against expectations of a smaller rise to 6.8%. Excluding bonuses, earnings jumped to 7.3% when a fall to 7.1% had been expected, reaching record levels after the previous month's rise was adjusted to 7.2%.  To help existing and inspiring traders keep their finger on the pulse of the market and make informed decisions when trading FOREX, we provide our customers with mobile market alerts. 

 

Join our WhatsApp Group, which includes the latest FOREX updates and major chart levels from our expert analysts direct to your mobile, for FREE! Here's what you can expect:

  • Breaking news and Interest Rates trading analysis from XTB's research team
  • Key technical levels
  • Economic data alerts and forecasts

Please note that Mobile Market Alerts come as standard to all XTB account holders. 

 

SIGN UP

Our group awards

We're one of the largest stock exchange-listed FX & CFD brokers in the world.

XTB Online Trading