GBP/USD - Overview as of 17.03.2025

Financial and commodity markets analytics


The Bank of England is expected to keep interest rates unchanged at its meeting on Thursday, continuing its policy of gradual decisions. rate, continuing its policy of gradual decisions. This approach is due to influence of the US trade policy and volatility of economic indicators UK. Unlike the European Central Bank, which has already cut rates six times since June, the Bank of England is acting more gradually. has cut rates six times since June, the Bank of England has been more restrained, changing rates only once since August last year. This divergence in policy may put pressure on the EUR/GBP pair. Also, the policy of the Bank of England supports the growth of the GBP/USD pair, however, as we noted earlier, at the moment the instrument is in the local zone. today the instrument is in the local selling zone. The growth will be possible with a confident consolidation above 1.3000.