With the BOE expected to keep rates at 4.25%, all eyes are on the pound to see if this decision provides a clear direction

With the BOE expected to keep rates at 4.25%, all eyes are on the pound to see if this decision provides a clear direction

19.06.2025

In the previous session, the U.S. dollar traded in a narrow range against the euro after the FOMC meeting concluded without any surprises.With the U.S. policy rate held steady, the EUR/USD pair traded between 1.1461 and 1.1529. Price action remained confined to the area around the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the candlesticks have stalled just below the 75-period MA, and on the daily chart, the pair has broken below the 10-period MA line, which had previously served as support.

Ahead of today’s Bank of England policy rate announcement, the pound fell against the yen. GBP/JPY dropped from 195.346 to 194.332. The decline occurred as the pair encountered resistance at the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the candlesticks have fallen just below the 200-period simple moving average (SMA), and on the daily chart, the price has broken below the upper level of the 20-period MA, which had previously served as support.We will be watching closely to see if the pound continues to weaken following today’s policy rate announcement.

Today’s key economic indicators include: Japan’s foreign and domestic securities investment at 8:50, Australia’s employment report at 10:30, Switzerland’s trade balance at 15:00, the SNB’s policy rate decision and statement at 16:30, remarks by ECB President Lagarde at 17:00, remarks by SNB Governor Schlegel at 18:00, andconstruction output, remarks by German Bundesbank President Nagel, the Bank of England’s policy rate decision and statement at 8:00 PM, the release of the Bank of England’s meeting minutes, and the Central Bank of Turkey’s policy rate decision and statement. With the Bank of England expected to keep rates at 4.25%, we will be watching the pound closely to see if this provides a clear direction.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed