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Bank of England Interest Rate Decision, February 2026

The Bank of England held the Bank Rate at 3.75% on February 5, 2026, as expected.

Decision3.75%■ hold
Against expectedAs expectedexpected 3.75%
Previous3.75%Bank Rate
GBP/USD one hour later −30 pips from the last price before
The result

What the BoE decided in February 2026

The move Hold Held at 3.75%.
Against expected No surprise Economists expected: hold at 3.75%. The decision was as expected.
The vote 5 to hold, 4 to cut How the MPC voted at this meeting.
Timing 12:00 PM London Thursday, February 5, 2026.
What price did

GBP/USD after the BoE decision, minute by minute

One-minute candles, London time. The box is the hour before the announcement. How we measure.

GBP/USD one-minute chart around the Bank of England decision of Feb 5, 2026 The hour before the 12:00 announcement ranged 34 pips. The first spike went below it by 41 pips, and a five-minute candle closed back inside after 60 minutes. 1.354 1.356 1.358 1.360 1.362 11:00 11:30 12:00 12:30 13:00 13:30 THE HOUR BEFORE BoE 12:00 Spike 1.35402 · 41 pips past the hour's low Closed back inside · 60 min
  1. The hour beforeGBP/USD ranged 34 pips, from 1.35809 to 1.36150, and was at 1.36116 at the announcement.
  2. The first spike After 0 minutes price went through the hour's low and ran 41 pips past it.
  3. The close back A five-minute candle closed back inside the range after 60 minutes.
  4. The other side Price did not trade through the opposite edge within four hours.
  5. The moves From the last price before the announcement: −48 pips at 15 minutes, −30 pips at one hour, −84 pips at four hours.
For context

Across 14 measured BoE decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 8 (57%), and in 5 of those price then took the other side within four hours. In the other 6 the first move held. Median move in the first 15 minutes: 29 pips.

This decision is one of the closed-back cases. Counts include the decisions where it did not close back. All BoE dates · BoE overview.

← Previous decisionBoE, December 2025Cut 25 bp to 3.75% Next decision →BoE, March 2026Thu, Mar 19, 12:00 PM London
Questions

BoE February 2026 decision: questions

What time was the BoE interest rate decision on Feb 5, 2026?

It was announced at 12:00 PM London (7:00 AM EST New York, 9:00 PM Tokyo Tokyo).

What did the BoE decide in February 2026?

Held at 3.75% (previous 3.75%). Economists expected: hold at 3.75%, so the decision was as expected.

How did GBP/USD react to the BoE decision in February 2026?

On one-minute candles: the hour before ranged 34 pips; the first spike went below it by 41 pips; a five-minute candle closed back inside after 60 minutes; after one hour GBP/USD was −30 pips from its pre-announcement price.

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