Gold (XAU/USD) remains bullish at $2,750.21, with support at $2,738.16. Resistance is at $2,754.01, and the 50-day EMA of $2,719.07 strengthens the trend. A break below support could signal sharper declines.

Sterling Awaits Key BOE Speeches Amid IMF Meetings

Sterling (GBP) remains steady as traders anticipate key speeches from MPC member Breeden and BOE Governor Bailey. Both talks are expected to offer insights into future monetary policy, so the pound may experience heightened volatility.

These speeches, alongside ongoing IMF meetings, could provide crucial guidance for the pound’s short-term direction.

Investors will be looking for any signals on interest rate adjustments or economic outlook, which could influence market sentiment and GBP movement.

GBP/USD Technical Analysis

GBP/USD is trading at $1.29688, down 0.11%, staying just below its pivot point of $1.29915. This level is key—if the pair breaks above it, we could see a stronger bullish bias, with immediate resistance at $1.30154 and further levels at $1.30531 and $1.30770.