GBP slipping back after BoE comments?

asked by u/lan_goh · 24d · 2 answers

Watching $GBPUSD after the BoE's somewhat muted tone yesterday. It's dipped to around 0.81345 today, testing the lower end of its recent range. Makes me wonder if the market is starting to price in a more dovish outlook than some initially expected, especially with the inflation data still a bit sticky. Keeping an eye on 0.813 support level; a clear break could open up further downside.

Join the full discussion

Top answers

  • u/fontaine_marie· 1 pts· 24d

    That's a fair read. The market seems to be taking its cues from the subtle shift in language, even if the headline numbers for inflation aren't fully cooperating yet. I'm watching that 0.813 level closely too, it's a key pivot for the short term.

  • u/imani_n· 1 pts· 24d

    The BoE's tone wasn't just muted, it was practically a whisper for rate hikes. Makes sense to see GBP reacting; the market isn't going to hold onto optimism without clear signals. That 0.813 support is the key for sure.

Related questions