The current Governor of the Bank of England is Andrew Bailey.
Appointment: Andrew Bailey has served as Governor since March 16, 2020, and his term runs until March 15, 2028.
Role: As Governor, he chairs the Monetary Policy Committee, Financial Policy Committee, and Prudential Regulation Committee.
Background: Prior to his appointment as Governor, Bailey was Chief Executive Officer of the Financial Conduct Authority (FCA) and has held several senior roles within the Bank of England, including Deputy Governor for Prudential Regulation.
Recent Activity: He remains active in shaping UK monetary policy and financial stability, and was recently nominated as the next Chair of the Financial Stability Board, beginning July 2025.
Andrew Bailey continues to lead the Bank of England through significant economic and financial developments.
Upcoming UK Economic Reports (July 13–17, 2025)
Below is a schedule of major UK economic releases and events for the coming week, with local times (BST):
Date Time (BST) Event
July 13, Sun 06:00 AM Core Inflation Rate MoM
July 13, Sun 06:00 AM Retail Price Index MoM
July 13, Sun 06:00 AM Retail Price Index YoY
July 14, Mon 12:00 PM NIESR Monthly GDP Tracker
July 14, Mon 11:01 PM BRC Retail Sales Monitor YoY
July 15, Tue 09:00 AM Treasury Stock 2032 Auction
July 15, Tue 08:00 PM BoE Governor Andrew Bailey Speech
July 16, Wed 06:00 AM Inflation Rate YoY
July 16, Wed 06:00 AM Core Inflation Rate YoY
July 16, Wed 06:00 AM Inflation Rate MoM
July 16, Wed 06:00 AM Core Inflation Rate MoM
July 16, Wed 06:00 AM Retail Price Index MoM
July 16, Wed 06:00 AM Retail Price Index YoY
July 16, Wed 09:00 AM Treasury Gilt 2034 Auction
July 17, Thu 06:00 AM Unemployment Rate
July 17, Thu 06:00 AM Average Earnings incl. Bonus (3Mo/Yr)
July 17, Thu 06:00 AM Employment Change
July 17, Thu 06:00 AM Average Earnings excl. Bonus (3Mo/Yr)
July 17, Thu 06:00 AM HMRC Payrolls Change
July 17, Thu 06:00 AM Claimant Count Change
July 17, Thu 09:00 AM Treasury Gilt 2030 Auction
Note: All times are in British Summer Time (BST). These events are subject to change based on official updates.
Key releases include inflation data, labor market statistics, retail sales, and several government bond auctions. The Bank of England Governor's speech is also a major event for markets with price volatility .
the UK 10-year gilt yield (UK10Y) is approximately 4.63%, having edged up 0.03 percentage points from the previous session. Over the past month, it has risen about 0.15 points and is 0.52 points higher than a year ago, reflecting persistent inflation concerns and expectations about Bank of England (BoE) monetary policy.
Correlation Between UK10Y, UK10, and GBP Strength
UK10Y Yield and GBP:
The 10-year gilt yield is a key indicator of UK long-term borrowing costs and investor sentiment. Higher yields typically attract foreign capital seeking better returns, which tends to strengthen the British pound (GBP). Conversely, expectations of BoE rate cuts or economic weakness can pressure yields lower and weaken GBP.
Recent Dynamics:
Despite inflation remaining above 3%, the UK economy has shown signs of contraction (GDP shrinking 0.1% in May), prompting markets to price in an 80% chance of a BoE rate cut in August. This has led to some volatility in yields and GBP strength.
The BoE’s policy rate has already been reduced from 5.25% to 4.25% over the past year, and further easing is anticipated, which can weigh on the GBP.
UK10 (Shorter-Term Yields) vs. UK10Y:
Shorter-term gilt yields (e.g., 2-year or 5-year) tend to be more sensitive to immediate BoE policy moves, while the 10-year yield reflects longer-term inflation and growth expectations. A steepening yield curve (rising long-term yields relative to short-term) can indicate confidence in economic recovery and support GBP. A flattening or inverted curve may signal caution and pressure GBP.
GBP Strength Mixed; supported by higher yields but pressured by economic slowdown and easing expectations
Yield Curve Moderately steep, reflecting growth/inflation expectations
In essence: The UK 10-year gilt yield at 4.63% supports GBP strength by attracting yield-seeking capital, but the expected BoE rate cut and economic weakness introduce downside risks. The interplay between short- and long-term yields and BoE policy guidance will continue to influence GBP’s trade directional bias .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.