Pound Declines As BoE May Leave Interest Rates On Hold. Forecast as of 05.02.2026

The Bank of England will keep the repo rate at 3.75%, but its new economic forecasts and rhetoric are much more important. Due to confidence in slowing inflation, it will deliver dovish remarks. Let's discuss this topic and make a trading plan for the GBP/USD pair.Major Takeaways The futures market expects a repo rate cut by April. The Fed will maintain rates until June. Different monetary policy speeds are harmful to the pound. Short trades on the GBP/USD pair can be considered with targets of