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Pound Sterling Price News and Forecast: GBP rebounds from July 30 lows vs retreating USD

British Pound rebounds from July 30 lows vs retreating USD as traders await BoE decision

The GBP/USD pair stages a modest recovery from its lowest level since July 30, around the 1.3375-1.3370 region touched earlier this Thursday, and, for now, seems to have snapped a three-day losing streak. Spot prices, however, capitalize on the momentum beyond the 1.3400 mark as traders seem hesitant ahead of the Bank of England (BoE) policy update.

The UK central bank will announce its decision later today and is widely expected to keep interest rates steady, suggesting that the focus will be on the MPC vote distribution and forward guidance. Market players are currently pricing in at least one 25-basis-points (bps) rate hike by the BoE in 2026 amid inflation risks stemming from higher energy prices. Hence, the outlook will play a key role in influencing the British Pound (GBP) and provide a fresh impetus to the GBP/USD pair. Read more...

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GBP/USD Price Forecast: Trades vulnerable below 1.3400 ahead of BoE’s policy decision

The British Pound (GBP) is under severe pressure against the US Dollar (USD) during the early European trading session on Thursday, holding onto recent losses near 1.3378. The GBP/USD pair remains vulnerable as the US Dollar outperforms, following the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.

The British currency is expected to remain highly volatile as the Bank of England (BoE) is scheduled to announce its monetary policy at 11:00 GMT. Read more...

GBPUSD

British Pound languishes near late July lows as hawkish Fed underpins USD ahead of BoE

The GBP/USD pair enters a bearish consolidation phase during the Asian session on Thursday and currently trades around the 1.3380-1.3375 region, near the lowest level since July 30. Traders now seem hesitant and opt to wait for the Bank of England (BoE) rate decision before placing fresh directional bets.

Policymakers at the BoE are expected to keep interest rates steady at the conclusion of the September meeting, suggesting that the focus will be on the forward guidance amid rising energy prices due to the prolonged Middle East conflict. Market players are currently pricing in an 80% chance of a hike in November, the first of around four expected over the next year. Nevertheless, the outlook will play a key role in influencing the British Pound (GBP) and provide some impetus to the GBP/USD pair. Read more...

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