GBP

GBPUSD moves higher and back toward key resistance

• The low from May and the 61.8% of the 2023 range are in play at 1.2308 – 1.2314

Pound falls as BOE hits the pause button

• Hail, hail, the gang's all here

BOE leaves bank rate unchanged at 5.25% vs 5.50% expected

• The Bank of England announces its monetary policy decision for September 2023

Sterling holds lower ahead of the BOE later today

• The pound is among the laggards in European trading

Bank of England preview - headline inflation lowest in 18 months makes rate hike 50/50

UK August CPI +6.7% vs +7.0% y/y expected

• Latest data released by ONS - 20 September 2023

GBPJPY Technical Analysis - Breakout or Fakeout?

• The GBPJPY pair is breaking out of the trendline.

UK CPI data is due Wednesday, 20 September 2023 - danger of higher than expected?

GBPUSD Technical Analysis - The pair is in a strong downtrend

• The GBPUSD pair maintains the bearish bias.

MUFG trade of the week: Short GBP/CAD

• MUFG recommends a new short GBP/CAD trade ahead of this week's BoE policy meeting.

Goldman Sachs predicts BOE hikes by 25bps this week, sees stable EUR/GBP

• Goldman Sachs expects Bank of England to hike rates by 25bps this week, while predicting stable EUR/GBP pair due to various factors

UK data - Rightmove House Price Index +0.4% m/m (prior -1.9%)

Week Ahead highlights include lots of central banks - FOMC, PBoC, BoJ, BoE among them

• Central bank activity is set to dominate the week ahead.

GBPUSD tests low of swing area as traders work toward the day end and end of week

• What key levels are in play and why heading into the new trading week

GBPUSD Technical Analysis - New lows expected

• The GBPUSD pair remains in a clear downtrend.