Pound Sterling (GBP) is trading cautiously ahead of the Bank of England's (BoE) monetary policy decision, reflecting a wait-and-see approach among investors. As the currency pairs against the USD and EUR show mixed signals, GBP/USD hovers around 1.2500, while GBP/EUR is stable near 1.1650. The market remains focused on impending key UK economic data, which could influence the BoE's policy stance.
The upcoming decision is critical as inflationary pressures and economic growth remain in the spotlight. Analysts anticipate that any hints of tightening measures could bolster the Pound, potentially pushing GBP/USD above the resistance level of 1.2550. Conversely, a dovish outlook could lead to a decline, with support seen at the 1.2400 mark against the greenback. As traders position themselves for the BoE's announcement, volatility in the GBP remains likely in the short term.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 10:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.