FX Watch: GBP/NZD and GBP/JPY Breakdown Setups If the BOE Turns Extra Dovish

Markets appear to have priced in strong odds of a 0.25% rate cut from the BOE, but what if the central bank hints at even more easing to come? Here are potential GBP/NZD and GBP/JPY breakouts I’m watching in this scenario.

Feb 9, 2025 - 23:51
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FX Watch: GBP/NZD and GBP/JPY Breakdown Setups If the BOE Turns Extra Dovish

Markets appear to have priced in strong odds of a 0.25% rate cut from the BOE, but what if the central bank hints at even more easing to come? Here are potential GBP/NZD and GBP/JPY breakouts I’m watching in this scenario.