The British pound (GBP) remains relatively stable in June 2025, supported by cautious optimism around the UK economy and a steady hand from the Bank of England (BOE).
BOE Holds Steady Amid Inflation Concerns
In its latest policy meeting, the BOE kept interest rates unchanged at 5.25%, citing moderate inflation and improving GDP numbers. Governor Andrew Bailey emphasized a balanced approach, avoiding premature easing.
Market Reaction to BOE Decision
- GBP/USD: Hovered near 1.2710
- EUR/GBP: Slight dip to 0.8485
- GBP/JPY: Strengthened to 199.30 on relative BOE hawkishness
UK Economic Snapshot – June 2025
- GDP Growth (YoY): 1.1%
- CPI Inflation: 3.2%
- Unemployment Rate: 4.0%
These figures support the BOE’s wait-and-watch stance.
What Traders Should Focus On
- Upcoming UK PMI Data (Wednesday)
- Statements from BOE Members (Thursday)
- Global Risk Sentiment impacting GBP risk flows
Conclusion: GBP Holds Ground with BOE Patience
The GBP remains resilient amid global uncertainty. For forex traders, this means a range-bound but stable pound—ideal for technical setups and short-term swing trades.
Disclaimer: This article is for educational purposes only and not financial advice.
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