{"id":320614,"date":"2025-08-05T19:41:10","date_gmt":"2025-08-05T19:41:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/320614\/"},"modified":"2025-08-05T19:41:10","modified_gmt":"2025-08-05T19:41:10","slug":"gbpusd-outlook-ahead-of-thursdays-bank-of-england-rate-decision","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/320614\/","title":{"rendered":"GBPUSD outlook ahead of Thursday&#8217;s Bank of England rate decision"},"content":{"rendered":"<p data-block-key=\"usjpt\">GBPUSD found intermediate lows at 1.3140, losing close to 7 handles since its June 30 highs.<\/p>\n<p>The pound had seen a huge uptrend in 2025, with a 13.57% increase from 1.21, as the year commenced, to its recent top at 1.3790.<\/p>\n<p>July changed Forex markets consequently with the Dollar Index retaking some of what it had lost through the first half \u2013 <b>After the injurious US Non-Farm Payrolls<\/b> report from last Friday, the Greenback saw some of its momentary strength evaporate and <b>which allowed the GBP to take a breather from strong selling flows.<\/b><\/p>\n<p>The Bank of England began a non-continuous rate-cutting cycle, taking their benchmark rate from 5.25% <b>to the current 4.25%.<\/b><\/p>\n<p>The Central Bank has struggled with persistently high inflation, in both goods and services sectors, prompting a cautious dovish stance.<\/p>\n<p><b>However, with the degrading global outlooks and some government mess-ups, Markets have priced a 96% chance of a 25 bps cut for the upcoming meeting.<\/b><\/p>\n<p>There is still some uncertainty regarding how dovish the communications from the BoE will be, which will impact the outlook for the pair.<\/p>\n<p>In the waiting for the Thursday meeting (decision released at 7:00 A.M. ET), let&#8217;s have a look at the Technicals for the pair.<\/p>\n","protected":false},"excerpt":{"rendered":"GBPUSD found intermediate lows at 1.3140, losing close to 7 handles since its June 30 highs. The pound&hellip;\n","protected":false},"author":2,"featured_media":320615,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,16,15],"class_list":{"0":"post-320614","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114977864661336233","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/320614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=320614"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/320614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/320615"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=320614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=320614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=320614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}