{"id":37614,"date":"2026-02-03T18:30:18","date_gmt":"2026-02-03T18:30:18","guid":{"rendered":"https:\/\/www.vtmarkets.com\/th\/uncategorized\/37614\/"},"modified":"2026-02-03T18:30:18","modified_gmt":"2026-02-03T18:30:18","slug":"%e0%b9%80%e0%b8%87%e0%b8%b4%e0%b8%99%e0%b8%9b%e0%b8%ad%e0%b8%99%e0%b8%94%e0%b9%8c%e0%b8%aa%e0%b9%80%e0%b8%95%e0%b8%ad%e0%b8%a3%e0%b9%8c%e0%b8%a5%e0%b8%b4%e0%b8%87%e0%b8%84%e0%b8%b2%e0%b8%94%e0%b8%a7-2","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/th-asia\/live-updates\/37614\/","title":{"rendered":"\u0e40\u0e07\u0e34\u0e19\u0e1b\u0e2d\u0e19\u0e14\u0e4c\u0e2a\u0e40\u0e15\u0e2d\u0e23\u0e4c\u0e25\u0e34\u0e07\u0e04\u0e32\u0e14\u0e27\u0e48\u0e32\u0e08\u0e30\u0e0b\u0e37\u0e49\u0e2d\u0e02\u0e32\u0e22\u0e43\u0e19\u0e0a\u0e48\u0e27\u0e07\u0e2b\u0e19\u0e36\u0e48\u0e07\u0e02\u0e13\u0e30\u0e17\u0e35\u0e48\u0e15\u0e25\u0e32\u0e14\u0e23\u0e2d\u0e01\u0e32\u0e23\u0e1b\u0e23\u0e30\u0e01\u0e32\u0e28\u0e02\u0e2d\u0e07 BoE"},"content":{"rendered":"The Pound Sterling (GBP) is experiencing a slight decline against major currencies as attention shifts to the Bank of England&#8217;s monetary policy update scheduled for Thursday. Analysts expect the Bank to hold interest rates steady at 3.75%, predicting a 7-2 majority following previous divided decisions.\n\nThe GBP\/USD pair is predicted to trade between 1.3640 and 1.3710 after facing a recent drop. Experts believe downward movement has slowed, and further decline is unlikely at this point.\n\n<h3>Modest Gains For GBP<\/h3>\n\nModest gains are being made by the GBP against the USD, with the currency performing well within the G10 group in anticipation of the Bank of England&#8217;s meeting. Recent UK data suggests less chance of easing monetary policy, with a 25 basis points cut now expected by June.\n\nLooking back at this time in 2025, we saw a Bank of England (BoE) that was expected to hold rates steady at 3.75% with a strong majority. This led to expectations for the Pound to trade within a tight range, as market pricing for rate cuts was modest. The situation we face today is significantly different, requiring a more dynamic approach.\n\nThe economic picture has softened considerably since last year. Recent data shows UK Q4 2025 GDP growth was nearly flat at just 0.1%, and the latest inflation reading for January 2026, while down, remains stubbornly high at 3.1%. This combination of economic stagnation and persistent inflation creates much more uncertainty around the BoE&#8217;s next move than the predictable environment of 2025.\n\nUnlike last year when only a single 25bps cut was priced in by mid-year, the swaps market is now pricing in a 75% probability of a rate cut by May and a total of 75 basis points in cuts by the end of 2026. This aggressive market pricing against a hesitant BoE suggests implied volatility in GBP options is likely undervalued. We believe the tranquil, range-bound trading we saw in early 2025 is unlikely to repeat itself now.\n\n<h3>Strategy For Traders<\/h3>\n\nGiven the increased potential for a sharp move following the next BoE announcement, traders should consider buying volatility. Purchasing at-the-money straddles or strangles on GBP\/USD could be a prudent strategy to profit from a breakout in either direction. This prepares for a scenario where the BoE either signals faster cuts or adopts a surprisingly firm stance, both of which would break the recent calm.\n\nWith recent retail sales figures showing a 0.5% drop in January, the risk appears skewed towards Pound weakness if the BoE pivots to support the slowing economy. Therefore, traders might also look at buying out-of-the-money GBP\/USD put options. This provides a cost-effective way to position for a potential slide in Sterling should the Bank signal a more dovish policy path in the coming weeks.\n<p>\n\n<p><strong>\u0e40\u0e23\u0e34\u0e48\u0e21\u0e0b\u0e37\u0e49\u0e2d\u0e02\u0e32\u0e22\u0e17\u0e31\u0e19\u0e17\u0e35 &#8211; \u0e04\u0e25\u0e34\u0e01<a href=\"https:\/\/www.vtmarkets.com\/th\/trade-now\/\">\u0e17\u0e35\u0e48\u0e19\u0e35\u0e48<\/a> \u0e40\u0e1e\u0e37\u0e48\u0e2d\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e1a\u0e31\u0e0d\u0e0a\u0e35\u0e08\u0e23\u0e34\u0e07\u0e02\u0e2d\u0e07 VT Markets <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u0e40\u0e07\u0e34\u0e19\u0e1b\u0e2d\u0e19\u0e14\u0e4c\u0e2d\u0e31\u0e07\u0e01\u0e24\u0e29 (GBP) \u0e41\u0e2a\u0e14\u0e07\u0e2a\u0e31\u0e0d\u0e0d\u0e32\u0e13\u0e25\u0e14\u0e25\u0e07\u0e40\u0e25\u0e47\u0e01\u0e19\u0e49\u0e2d\u0e22\u0e01\u0e48\u0e2d\u0e19\u0e01\u0e32\u0e23\u0e1b\u0e23\u0e30\u0e0a\u0e38\u0e21\u0e18\u0e19\u0e32\u0e04\u0e32\u0e23\u0e2d\u0e31\u0e07\u0e01\u0e24\u0e29\u0e17\u0e35\u0e48\u0e04\u0e32\u0e14\u0e27\u0e48\u0e32\u0e08\u0e30\u0e04\u0e07\u0e2d\u0e31\u0e15\u0e23\u0e32\u0e14\u0e2d\u0e01\u0e40\u0e1a\u0e35\u0e49\u0e22 \u0e40\u0e0a\u0e37\u0e48\u0e2d\u0e27\u0e48\u0e32\u0e21\u0e35\u0e42\u0e2d\u0e01\u0e32\u0e2a\u0e25\u0e14\u0e15\u0e48\u0e33\u0e25\u0e07\u0e2d\u0e35\u0e01\u0e43\u0e19\u0e2d\u0e19\u0e32\u0e04\u0e15 \u0e17\u0e33\u0e43\u0e2b\u0e49\u0e19\u0e31\u0e01\u0e40\u0e17\u0e23\u0e14\u0e40\u0e15\u0e23\u0e35\u0e22\u0e21\u0e01\u0e25\u0e22\u0e38\u0e17\u0e18\u0e4c\u0e43\u0e2b\u0e21\u0e48!<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-37614","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/37614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/comments?post=37614"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/37614\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/media?parent=37614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/categories?post=37614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/tags?post=37614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}