GBPUSD: SELL 1.3545, SL 1.3645, TP 1.3345 | 25 June 2025
25 June 2025, GBP/USD
Event to pay attention to today:
17:00 EET. GBP - BOE Governor Andrew Bailey Speaks
17:00 EET. GBP - CB Consumer Confidence
GBPUSD:
The GBP/USD pair is strengthening to 1.3560 in the early European session on Tuesday, helped by a weaker US Dollar (USD).
Federal Reserve (Fed) Governor Michelle Bowman said on Monday that she would favor an interest rate cut at the next meeting in July if inflationary pressures remain muted. Bowman's comments echoed those of Fed chief Christopher Waller, who said on Friday that he believes the U.S. central bank may consider a rate cut in July.
Traders now put the probability of a rate change at the July meeting at nearly 23%, and the probability that the Fed will cut rates in September at about 78%.
On the other hand, uncertainty surrounding the ceasefire between Israel and Iran and renewed tensions in the Middle East could increase safe-haven flows, supporting the Pound Sterling (GBP). The Israel Defense Forces said early Tuesday it had detected rockets launched from Iran towards southern Israel, despite US President Donald Trump saying a “full and final” ceasefire between Israel and Iran would take effect.
Trading recommendation: SELL 1.3545, SL 1.3645, TP 1.3345
activate promo code OIL202 in the support service and get 202% drawdown when depositing from 202 USD! Promotion terms and conditions - by clicking here.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
