BoE Monetary Policy Report Hearings in focus for GBP

Bank of England officials appear before the UK Treasury Select Committee at 13:15 UTC on 8 September 2026, making the Monetary Policy Report Hearings the sterling session’s focal point. Testimony from the Governor and fellow policymakers is watched closely for context around inflation, growth and the rate outlook.

What the Monetary Policy Report Hearings measure

The hearings are a parliamentary session where senior Bank of England officials answer questions on the latest Monetary Policy Report and their views on the economy. Unlike a data release, there is no single headline number — markets instead parse the tone, phrasing and emphasis of the testimony.

Because the remarks can shed light on how policymakers weigh inflation risks against the growth backdrop, traders treat unscripted comments as a potential source of fresh guidance. No forecast or previous figure applies, since this is a qualitative event rather than a statistical print.

How the GBP pairs are trading

Across our feed, GBP/JPY is the standout mover, down 1.03% at 208.94. GBP/NOK is lower by 0.26% at 12.53205, while EUR/GBP eases 0.13% to 0.85777.

On the firmer side, GBP/NZD is up 0.23% at 2.30275 and GBP/SEK adds 0.19% to 12.96465. GBP/USD is marginally higher, up 0.13% at 1.35317.

The mixed picture shows sterling softer against the yen but broadly steady elsewhere heading into the testimony.

The hearings are watched for any shift in policymaker tone on inflation and the rate path, which is why sterling desks keep a close eye on the exchange.

Descriptive market news from the ForexBullion Research Team. Not investment advice.