Pound Sterling (GBP) faced downward pressure overnight, following softer-than-expected Consumer Price Index (CPI) data, which has raised concerns among traders regarding the currency's strength. The GBP/USD exchange rate has shown signs of an impending reversal, as technical indicators suggest further weakness could be on the horizon. As the market processes this data, the focus shifts to today’s Bank of England (BOE) meeting.
The BOE's committee vote is expected to have significant implications for the Sterling, potentially amplifying its decline. A dovish stance could lead to increased selling pressure on GBP, particularly against major currency pairs like EUR/GBP and GBP/USD. Traders are bracing for volatility as market sentiment reacts to the BOE's decisions, which could exacerbate the current trend and shape the currency landscape in the coming sessions.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-18 10:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.