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Data from Bank of England. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom BoE MPC Vote Cut held to 9 in April 2026
Bank of EnglandMonthlyReleased April 2026
United Kingdom BoE MPC Vote Cut held to 9 in April 2026. The reading matched the 9 consensus. The print is running well below the 12-month average of 45.25. The reading is in the 13th percentile of the trailing 24-month range.
Latest Release
9
Actual
9
Consensus
9
Previous
Median Absolute Error
±15
across last 12 releases
Last Call
Mar 2026
Predicted: 30
Actual: 9
Error: +21
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/GBP | ▲ Direct | +0.46 | FOREX | Bullish EUR | → View |
| GBP/USD | ▼ Inverse | −0.44 | FOREX | Bearish GBP | → View |
| EUR/USD | ▼ Inverse | −0.31 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
BoE MPC Vote Cut (United Kingdom) was reported at 9.00 in April 2026. This matched the market consensus of 9.00 exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 33.17, ranging from 4.00 to 59.00 across 6 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 24.00, down from the prior three at 42.33. Volatility over the past year (σ 21.68) is lower than the prior year (σ 30.00). In March readings over the past 3 years, BoE MPC Vote Cut has averaged 15.67.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/GBP (Bullish EUR). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 15.00.
WHAT TO WATCH NEXT
The next release is scheduled for June 18, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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BoE MPC Vote Cut - UK
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About BoE MPC Vote Cut — United Kingdom
DEFINITION
The BoE MPC Vote Cut is a key financial indicator that measures the decision of the Bank of England's Monetary Policy Committee (MPC) to lower interest rates. This indicator provides valuable insights into the current state of the UK economy and the central bank's stance on monetary policy. A higher number of votes in favor of a rate cut indicates a more dovish outlook, while a lower number suggests a more hawkish approach. This indicator is closely monitored by investors and analysts as it can have a significant impact on the financial markets and the overall economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 9, consensus 9. Prior reading (Mar 2026): 9. Before that (Feb 2026): 4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bullish EUR, r=0.46) — a useful reference for forex-focused traders.