{"id":853029,"date":"2025-06-03T09:11:56","date_gmt":"2025-06-03T14:11:56","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/03\/pound-sterling-price-news-and-forecast-gbp-usd-loses-traction-on-mixed-boe-commentary-video\/"},"modified":"2025-06-03T09:11:56","modified_gmt":"2025-06-03T14:11:56","slug":"pound-sterling-price-news-and-forecast-gbp-usd-loses-traction-on-mixed-boe-commentary-video","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/03\/pound-sterling-price-news-and-forecast-gbp-usd-loses-traction-on-mixed-boe-commentary-video\/","title":{"rendered":"Pound Sterling Price News and Forecast: GBP\/USD loses traction on mixed BoE commentary [Video]"},"content":{"rendered":"<div id=\"fxs_article_body\">\n<h2><span>GBP\/USD Forecast: Pound Sterling loses traction on mixed BoE commentary<\/span><\/h2>\n<p><span>Following Monday&#8217;s rally, GBP\/USD loses traction and declines toward 1.3500 in the European session on Tuesday. <\/span><b><strong>The technical outlook points to a loss of bullish momentum as investors await US data.<\/strong><\/b><\/p>\n<p><span>While testifying on the Monetary Policy Report before the UK Treasury Select Committee on Tuesday, Bank of England (BoE) Governor Andrew Bailey noted that they have not seen particular inflation surprises and reiterated that he prefers a gradual and careful approach to policy-easing. <\/span><a href=\"https:\/\/www.fxstreet.com\/analysis\/gbp-usd-forecast-pound-sterling-loses-traction-on-mixed-boe-commentary-202506031008\" rel=\"noreferrer\" class><span>Read more&#8230;<\/span><\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/GBPUSD-1748951838848.png\" alt loading=\"lazy\" width=\"1625\" height=\"760\"><\/p>\n<h2><span>GBP\/USD takes a breather before next bullish move<\/span><\/h2>\n<p><b><strong>GBP\/USD has eased slightly below May\u2019s three-year high of 1.3592<\/strong><\/b><span>, but Monday\u2019s solid rebound has renewed optimism that the bulls are still in control.<\/span><\/p>\n<p><span>For further upside momentum, the price needs a decisive close above the<\/span><b><strong>\u00a0resistance line<\/strong><\/b><span>\u00a0from July 2023 at\u00a0<\/span><b><strong>1.3597<\/strong><\/b><span>, which capped gains last week. A breakout above the key constraining zone of 1.3658 could trigger a more exciting rally toward the 2022 peak at 1.3747. Beyond that, attention could shift to the ascending trendline around 1.3865. <\/span><a href=\"https:\/\/www.fxstreet.com\/analysis\/gbp-usd-takes-a-breather-before-next-bullish-move-202506030758\" rel=\"noreferrer\" class><span>Read more&#8230;<\/span><\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/gbpusd1-1748951943429.png\" alt loading=\"lazy\" width=\"1658\" height=\"1039\"><\/p>\n<h2><span>GBP\/USD Elliott Wave technical analysis [Video]<\/span><\/h2>\n<p><span>The daily chart presents a bullish outlook for<\/span><b><strong> GBP\/USD, highlighting strong impulsive movement in the current wave pattern<\/strong><\/b><span>. The analysis indicates the formation of orange wave one as part of a larger bullish trend, situated within navy blue wave three. This implies the completion of navy blue wave two\u2019s corrective phase and the start of a new impulse, marking the early phase of a potentially extensive upward trend. <\/span><a href=\"https:\/\/www.fxstreet.com\/analysis\/gbp-usd-elliott-wave-technical-analysis-video-202506030557\" rel=\"noreferrer\" class><span>Read more&#8230;<\/span><\/a><\/p>\n<p data-type=\"youtube\" data-youtube-url=\"https:\/\/www.youtube.com\/embed\/yKJa6XQOLKI\" data-youtube-show-recommendations=\"1\" data-youtube-start-at><iframe src=\"https:\/\/www.youtube.com\/embed\/yKJa6XQOLKI?rel=0&#038;start=0\"><\/iframe><\/p>\n<\/p><\/div>\n<div>\n<p>Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. <\/p>\n<p>If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.<\/p>\n<p>FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.<\/p>\n<p>The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. <\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-price-news-and-forecast-gbp-usd-loses-traction-on-mixed-boe-commentary-video-202506031203\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Clora Haslett<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD Forecast: Pound Sterling loses traction on mixed BoE commentary Following Monday&#8217;s rally, GBP\/USD loses traction and declines toward 1.3500 in the European session on Tuesday. The technical outlook points to a loss of bullish momentum as investors await US data. While testifying on the Monetary Policy Report before the UK Treasury Select Committee on<\/p>\n","protected":false},"author":1,"featured_media":853030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2794,32662],"tags":[],"class_list":["post-853029","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pound","category-sterling"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/853029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=853029"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/853029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/853030"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=853029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=853029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=853029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}