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Bank of England Interest Rate Decision, September 2025

The Bank of England held the Bank Rate at 4.00% on September 18, 2025, as expected.

Decision4.00%■ hold
Against expectedAs expectedexpected 4.00%
Previous4.00%Bank Rate
GBP/USD one hour later −28 pips from the last price before
The result

What the BoE decided in September 2025

The move Hold Held at 4.00%.
Against expected No surprise Economists expected: hold at 4.00%. The decision was as expected.
The vote 7 to hold, 2 to cut How the MPC voted at this meeting.
Timing 12:00 PM London Thursday, September 18, 2025.
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 Sep 18, 2025 The hour before the 12:00 announcement ranged 12 pips. The first spike went above it by 6.7 pips, and a five-minute candle closed back inside after 5 minutes. 1.360 1.362 1.364 1.366 11:00 11:30 12:00 12:30 13:00 13:30 THE HOUR BEFORE BoE 12:00 Spike 1.36605 · 6.7 pips past the hour's high Closed back inside · 5 min
  1. The hour beforeGBP/USD ranged 12 pips, from 1.36416 to 1.36538, and was at 1.36488 at the announcement.
  2. The first spike After 0 minutes price went through the hour's high and ran 6.7 pips past it.
  3. The close back A five-minute candle closed back inside the range after 5 minutes.
  4. The other side Price then traded through the opposite edge of the range within four hours.
  5. The moves From the last price before the announcement: −20 pips at 15 minutes, −28 pips at one hour, −97 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, August 2025Cut 25 bp to 4.00% Next decision →BoE, November 2025Thu, Nov 6, 12:00 PM London
Questions

BoE September 2025 decision: questions

What time was the BoE interest rate decision on Sep 18, 2025?

It was announced at 12:00 PM London (7:00 AM EDT New York, 8:00 PM Tokyo Tokyo).

What did the BoE decide in September 2025?

Held at 4.00% (previous 4.00%). Economists expected: hold at 4.00%, so the decision was as expected.

How did GBP/USD react to the BoE decision in September 2025?

On one-minute candles: the hour before ranged 12 pips; the first spike went above it by 6.7 pips; a five-minute candle closed back inside after 5 minutes; after one hour GBP/USD was −28 pips from its pre-announcement price.

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