All eyes are on whether the pound will show a clear direction following remarks by BOE Governor Bailey

All eyes are on whether the pound will show a clear direction following remarks by BOE Governor Bailey

14.10.2025

In the previous day's U.S. currency trading, the U.S. dollar rose against the yen.The USD/JPY pair rose from 151.723 to 152.441. It moved from below the 20-period moving average (MA) on the hourly chart to above it. On the 4-hour chart, there was a rebound from the -3σ line of the Bollinger Bands, and on the daily chart, a bullish harami candle formed, with the RSI hovering around 65. However, as the US dollar has weakened again during today’s Asian session, we should pay close attention to price movements during the US session.

Among European currencies, the pound fell against the U.S. dollar. The GBP/USD pair dropped from 1.3366 to 1.3315. On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the price is currently attempting to break above the resistance line formed by the 20-period MA, while on the daily chart, it has rebounded after touching the 200-period exponential moving average (EMA) and is now trending upward.We will monitor the situation closely during today’s European session to see if the pound can maintain its momentum, while keeping an eye on comments from key figures.

Today’s schedule includes UK BRC same-store sales at 8:01, Japan’s money supply at 8:50, Australia’s NAB business confidence at 9:30, Germany’s consumer price index, the UK’s ILO unemployment rate, and the UK’s employment statistics at 15:00, Switzerland’s producer import prices at 15:30, and Germany’sZEW Economic Sentiment Index, and the Eurozone ZEW Economic Sentiment Index; at 21:00, remarks by MPC member Taylor; at 21:30, Canadian housing starts; at 21:45, remarks by Fed Chair Bowman; at 25:20, remarks by Fed Chair Powell; and at 26:00, remarks by BOE Governor Bailey.We will be watching closely to see if Governor Bailey’s remarks provide a clear direction for the pound.