GBP/AUD REVIEW: created by import-candles on 2026-10-23 from Monorex history (digits 5 map); check digits/point_size/pip_size, then activate. Great Britain Pound vs Australian Dollar

The Bank of England raised Bank Rate by 0.25 percentage points to 4%, with eight members backing that move and Catherine Mann preferring 4.25%. It expects inflation to reach around 5% by mid-2027. Stronger activity and prolonged energy costs prompted the increase, but further decisions depend on how those costs spread into wages and other prices.

Tesis: The Bank judges prolonged energy inflation and stronger activity sufficient to warrant tighter policy.

Otra perspectiva: Limitation: Evidence of spillovers into other prices and wages remains limited, and weaker demand could restrain pricing power.

The RBA raised its cash rate by 25 basis points to 4.85% in a six-to-three vote. It now expects inflation to reach the top of its 2–3% target range only in late 2027, around three quarters later than previously forecast. Broader price pressures justified further tightening, the Board said, even as the economy slows, housing prices fall and unemployment rises.

Tesis: The RBA says the higher inflation outlook and continuing upside risks warrant further tightening.

Otra perspectiva: Limitation: Tightening comes as the economy slows, housing prices fall and unemployment rises.

Australia’s September goods trade surplus widened to about A$2.8 billion from A$184 million in August, InvestingLive reports. Exports rose 2.3%, led by LNG and metals, while imports fell 3.3% as gold imports dropped nearly 35%. The volatile gold component flatters the improvement; trade volumes will give a cleaner guide to the contribution to growth.

Tesis: InvestingLive says commodity exports support Australia’s external accounts, partly offsetting exposure to higher fuel import costs.

Otra perspectiva: Limitation: volatile gold imports flatter the headline balance, and nominal trade values do not establish the growth contribution.