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. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, there was a rebound from the -3σ level of the Bollinger Bands, while the daily chart showed a bullish harami candle, 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 US trading hours.

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 whether the pound’s momentum holds during today’s European session, keeping a close 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 the pound with 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