BOE

Learn how the Fed, ECB, and BOJ impact forex markets. Get answers to FAQs on interest rates, currency trends, and trading strategies in this must-read guide.

GBP/USD struggles to extend the advance from the start of the week as BoE Governor Bailey acknowledges that ‘inflation has come down faster than we expected a year ago.’

GBP/USD retraces the decline following the US election as the Bank of England (BoE) delivers a hawkish rate-cut.

The Bank of England (BoE) is expected to lower Bank Rate by 25bp in November.

GBPUSD Outlook: Following Trump’s victory, the US Dollar surged, pressuring the British pound toward October lows. The pound’s long-term uptrend above its 15-year consolidation faces a key test on Thursday with BOE and Fed policy decisions.

GBPUSD Forecast: The GBPUSD is rebounding after dovish sentiment from the UK’s falling inflation pushed it to the 1.30 support level, which aligns with a 15-year consolidation pattern. Is the rebound sustainable?

GBPUSD, Gold Forecast: The yearly UK CPI dropped fairly below the central bank’s 2% target at 1.7%, adding dovish sentiment on monetary policies. On the other hand, rising uncertainties direct gold back towards its record highs.

GBP/USD is at risk of breaking out of the narrow trading range it’s been sitting in over the past fortnight with the UK consumer price inflation (CPI) report for September released later in the session. With so much uncertainty regarding the signal from labour market data given poor response rates, this is the only UK data point that can still generate meaningful volatility in the pound.

Harris replacing Biden may not be a radical overhaul where policies are concerned, but it has certainly brought the Democrat’s prospects for maintaining power back from the brink of death. From a market perspective, it means Trump is no longer a ‘walk in’ President, and political headlines from the US are no longer driving sentiment for now. Thankfully, we have intertest rate decisions from the FOMC, BOE and BOJ to drive sentiment, along with NFP and Australia’s CPI report for good measure.

The GBPUSD has dipped below the crucial 1.29 level ahead of this week's final wave of volatility surrounding US GDP and Core PCE data, and in anticipation of next week’s BOE and Fed monetary policy decisions. Will bearish pressures continue?

The MPC voted 7-2 to hold rates, with Dhingra and Ramadan again voting to cut rates. But the fact that this decision was "finely" balanced means the balance could shift towards a cut should economic conditions deteriorate, or inflation does not accelerate again.

The FTSE moved moderately higher after the UK’s inflation rate fell to the Bank of England’s 2% target ahead of for the central bank’s rate section on Thursday.

The GBP/USD forecast is in focus, with the upcoming Bank of England rate decision, UK CPI, retail sales from both sides of the pond and global PMI data all on tap this week. Plus, there is the added uncertainty from the upcoming UK general election.

For the first week in a while, US data is not dominating the market focus. With a key US inflation report and FOMC meeting freshly in the rear-view mirror, markets can now shift attention to domestic data. Three top-tier central banks meet next week, including the RBA on Tuesday, followed by the Swiss National Bank (SNB) and Bank of England (BOE) on Thursday. UK inflation data on Wednesday could set the tone for what to expect at future BOE meetings. Flash PMIs across Asia, Europe, and the US then close out the week, which can shape expectations for future growth and inflationary pressures.

GBPUSD Analysis: with the upcoming BOE statement, CPI metrics, and Flash PMI results, April highs are challenged for further bull runs

GBP/USD slipped last week on a moderately dovish BOE – what should traders be watching this week?

GBPUSD Forecast: doves add new lows to the GBPUSD pair as the British Pound Currency Index holds at a 6-month support zone