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GBP: December BoE rate cut looks underpriced - ING
Breaking news
GBP: December BoE rate cut looks underpriced - ING
New
2025.11.07 18:52
2025.11.07 18:52
2025.11.07 18:52
Pound Sterling (GBP) has bounced after the BoE's steady decision, but with Governor Bailey leaning toward a December cut, downside risks for GBP remain, ING's FX analyst Chris Turner notes.
BoE hold lifts GBP
"Sterling is enjoying a modest recovery after the Bank of England left rates unchanged yesterday. However, it now seems Governor Andrew Bailey is the swing voter and minded for a December cut. That outcome is only priced with a 70% probability right now, meaning that there is scope for lower short-term rates and a weaker pound."
"Expect EUR/GBP to find good support if it gets anywhere near the 0.8760 area, and we would expect it to be trading above 0.88 heading into the Budget later this month."
Last updated
: 2025.11.07
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2025.11.07 20:51
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Euro gains against Pound as BoE signals dovish shift
The Euro (EUR) edges higher against the British Pound (GBP) on Friday, snapping a two-day losing streak as the Bank of England's (BoE) dovish policy stance weighs on Sterling.
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2025.11.07 22:32Libya aims to further increase Oil production - Commerzbank
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2025.11.07 22:23GBP/JPY Price Forecast: Bulls defend key 200.00 support amid fading momentum
GBP/JPY trades slightly lower on Friday, hovering around 200.75 at the time of writing, and remains on track for its second consecutive weekly loss. The pair has stabilized after sharp mid-week selling that drove prices to a one-month low, filling the bullish gap from October 6.
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2025.11.07 22:02USD/JPY retreats from the 152.50 area as the US Dollar loses steam
The US Dollar is giving away previous gains on Friday, approaching weekly lows near 152.85, after being rejected at the 153.50 area earlier on the day.
New
2025.11.07 21:31Fed's Jefferson: The Fed should proceed slowly with extra rate cuts
Fed Vice Chair Philip Jefferson said on Friday that the central bank should take its time with any further rate cuts, explaining that policy is getting closer to a neutral stance.
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2025.11.07 21:10Gold holds firm near $4,000 amid risk-off sentiment
Gold (XAU/USD) trades slightly firmer on Friday, holding within the familiar $3,900-$4,050 range as the prolonged United States (US) government shutdown and cautious sentiment across global markets keep safe-haven demand steady.
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2025.11.07 21:08USD/CAD pulls back to levels near 1.4100 with Canadian jobs on tap
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2025.11.07 20:51Disclaimer:
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