The post Pound Sterling Price News and Forecast: GBP/USD retreats appeared on BitcoinEthereumNews.com. GBP/USD retreats as BoE hawkish shift meets resilient USThe post Pound Sterling Price News and Forecast: GBP/USD retreats appeared on BitcoinEthereumNews.com. GBP/USD retreats as BoE hawkish shift meets resilient US

Pound Sterling Price News and Forecast: GBP/USD retreats

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GBP/USD retreats as BoE hawkish shift meets resilient US Dollar

GBP/USD retreats on Friday, trading around 1.3380 at the time of writing, down 0.39% on the day, after Thursday’s strong rally following the Bank of England (BoE) decision. The corrective move comes as the US Dollar (USD) regains some traction, despite a broader backdrop shaped by a hawkish repricing of global monetary policy.

The Bank of England kept its rate unchanged at 3.75%, as expected, but surprised markets with a unanimous 9-0 vote, versus expectations of a 7-2 split in favor of a hold. This shift is particularly notable given the previous narrow 5-4 decision. The tone is clearly more hawkish, with BoE Governor Andrew Bailey stating that the central bank stands ready to act if inflation proves more persistent. Read more…

GBP/USD appreciates BoE pause: Now focus shifts to geopolitics

GBP/USD rose during the previous session and is now correcting to 1.3403. The pound responded positively to the Bank of England’s decision to keep interest rates unchanged, with market attention focused on the regulator’s guidance on how the Iran conflict might influence future policy.

The Monetary Policy Committee voted unanimously for a pause (9-0), a notable shift from February’s more divided 5-4 alignment. Some members have acknowledged the possibility of future rate hikes. The BoE has adopted a wait-and-see approach amid significant uncertainty. Read more…

Source: https://www.fxstreet.com/news/pound-sterling-price-news-gbp-usd-retreats-as-boe-hawkish-shift-meets-resilient-us-dollar-202603201304

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