GBP: Extending rebound ahead of BoE policy meeting – MUFG
By FXStreet Insights Team
Date Published: 4 Feb 2026 | Date Modified: 4 Feb 2026
POPULAR ARTICLES
The Pound has continued to strengthen ahead of the Bank of England's policy meeting. EUR/GBP has broken below support from the 200-day moving average at around 0.8650.
The Pound has continued to strengthen ahead of the Bank of England's policy meeting. EUR/GBP has broken below support from the 200-day moving average at around 0.8650. This strengthening is attributed to reduced UK fiscal and political risks and signs of growth momentum in the UK, notes Lee Hardman, MUFG Senior Currency Analyst.
Pound strengthens before BoE meeting
"The pound has continued to strengthen at the start of this week ahead of tomorrow’s BoE policy meeting."
"Stronger growth momentum has encouraged market participants to push back the timing of the next BoE rate cut."
"We continue to expect the BoE to lower rates further this year but recently pushed back our forecast for the timing of the next BoE rate cut from March to April."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Acuity Trading is a London-based fintech company founded in 2013 that specializes in AI-powered alternative data and sentiment analysis for trading and investments. They revolutionized the online trading experience by introducing visual news and sentiment tools, and today they continue to lead the fintech market with alpha-generating alternative data and highly engaging trading tools using the latest AI research and technology.
Read More
