The Bank of England has decided to keep interest rates at 4%, matching expectations. This decision led to a split among policymakers, with four opting to keep rates unchanged. As a result, GBP/USD rose above 1.3400. EUR/USD stayed steady around 1.1650, despite some fluctuations, as traders awaited important US economic data. In the metals market, Gold corrected from over $3,400 but held above $3,900 due to ongoing geopolitical issues. Bitcoin is trading below the $116,000 resistance level, with trade tensions affecting market sentiment. The US economic outlook suggests a slowdown in growth, further impacting market volatility. For traders, there are several recommended brokers for 2025. Different types of brokers meet various trading needs, providing competitive spreads, quick execution, and specialized platforms. Options include brokers for EUR/USD, gold trading, and those offering Islamic or swap-free accounts. Given the Bank of England’s split decision, uncertainty around the future of the pound is growing. Recent data showed UK inflation dropped to 2.5% in July 2025, strengthening the case for a potential rate cut later this year. We are considering buying GBP/USD put options expiring in the fourth quarter to prepare for this possible change. The current stability in EUR/USD might be temporary as we await essential US economic data. The last Non-Farm Payrolls report from July 2025 indicated job creation was at its lowest in over a year, suggesting a slowing economy. We believe that buying EUR/USD call options is a smart move to take advantage of expected dollar weakness if this trend continues. Gold remains strong above $3,900 an ounce, backed by central bank demand and rising geopolitical tensions in the South China Sea earlier this year. The World Gold Council recently reported that emerging market banks bought an additional 50 tonnes in the second quarter of 2025, providing a solid price floor. Therefore, selling out-of-the-money put options could be a good way to earn premium while betting that prices will remain stable. Bitcoin is encountering significant resistance after its strong rally following the 2024 halving event. On-chain data shows a 15% profit-taking increase from long-term holders around the $116,000 mark, indicating market hesitation. We see this as a chance to buy a long straddle, using both call and put options, in anticipation of a major breakout or rejection in the near future.

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