Pound Sterling Price News and Forecast: GBP/USD falls after BoE decision

FXStreet Team FXStreet

GBP/USD Price Analysis: Bears on the verge of a fresh wave to the downside

GBP/USD bears are seeking a break from 4-hour resistance structure. A downside extension targets a 1.3725 area and beyond. As per the prior analysis, GBP/USD bears piling in at critical daily resistance, the bears remain in control and target a downside daily extension.

Pound falls after BoE decision

Investors who were expecting more hawks to join the policy discussion were left empty-handed at the Bank of England meeting today. Policymakers voted unanimously to keep interest rates unchanged at their current record low of 0.1% and a majority voted to maintain asset purchases at the current level of £895 billion. Andy Haldane was the only dissenter who was looking at tapering bond purchases but he departs from the bank at the end of June.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.