- Analytics
- News and Tools
- Market News
- GBP: Markets anticipate BoE hold decision Thursday – Scotiabank
GBP: Markets anticipate BoE hold decision Thursday – Scotiabank
Pound Sterling (GBP) retains a firm undertone. Investors are looking ahead to this week’s BoE policy decision and expecting a hold amid still sticky UK price trends, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP is firmer on the day
"A split decision is possible, but market pricing is firmly in the camp of no change amid clear messaging from senior policy makers that slow and cautious adjustments in policy are likely moving forward."
"GBP has been carving out a running consolidation just below the 1.30 level over the past week. The pound’s push higher so far today suggests a retest of last week’s 1.2990 high is developing ahead of a push on to the “real” top of the range at the moment at 1.3035. Support is 1.2925/30."
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
