All eyes are on whether the pound will show a clear direction based on remarks by BOE Governor Bailey
14.10.2025
- Remarks by Bank of England Governor Bailey
- ZEW Economic Sentiment Index for Europe
In yesterday’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 on the hourly chart to above it.On the 4-hour chart, the pair has rebounded from the -3σ level of the Bollinger Bands; on the daily chart, it has formed a harami bullish candle, and the RSI is hovering around 65. However, as the U.S. dollar has weakened again during today’s Asian trading session, we should keep a close eye on price movements during U.S. 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 pair is currently attempting to break above the 20-MA resistance line, while on the daily chart, prices have rebounded after touching the 200-EMA and are now trending higher. We will monitor the situation closely during today’s European trading session to see if the pound can maintain its momentum, keeping a close eye on comments from key officials.
Today, at 8:01, the UK BRC same-store sales figures will be released; at 8:50, Japan’s money supply; at 9:30, Australia’s NAB Business Confidence Index; at 15:00, Germany’s Consumer Price Index, the UK’s ILO unemployment rate, and the UK’s employment statistics;at 3:30 p.m., Swiss Producer Import Prices; at 6:00 p.m., the German ZEW Economic Sentiment Index and the Eurozone ZEW Economic Sentiment Index; at 9:00 p.m., remarks by MPC Member Taylor; at 9:30 p.m., Canadian Housing Starts;at 21:45, remarks by U.S. Federal Reserve Chair Bowman; at 25:20, remarks by U.S. Federal Reserve Chair Powell; and at 26:00, remarks by Bank of England Governor Bailey. We will be closely watching to see if Governor Bailey’s remarks provide the pound with a clear direction.
