BOE: Expect a muted reaction to the upcoming meeting - TD Securities

Felipe Erazo FXStreet

The BoE's hiking bias is likely to be diluted even further at the November meeting, with more of a balanced message instead and a rewrite of the rate guidance in the final paragraph of the Monetary Policy Summary, according to analysts at TD Securities.

Key quotes

"When the Bank of England meets again on Thursday, the big question of the day - Brexit - remains unsettled, with a deal on the table that parliament was unable to pass, and another deadline extension from the EU."

"At the same time, growth momentum has slowed further and some of the previously solid areas of the economy, like the labour market, have begun to falter."

"Once again, we think the FX market is only likely to give the November MPC meeting a passing glance. With the campaign ahead of the 12 December general election now gearing up rapidly, investors remain intensely focused on UK political risks. Ultimately, the outcome there - and what that implies for the future of Brexit - will continue to be the overwhelmingly dominant driver of sterling for the foreseeable future."

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.