Bank of England Holds Rate Steady, Warns of Iran Conflict Inflation Risks

GOOGL stock has risen 3.3% in the last 24 hours, with its RSI entering overbought territory at 71.4. This increases the likelihood of a short-term correction or consolidation. Geopolitical risks and inflation concerns highlighted in the news headlines could pressure technology stocks. However, since the MACD still signals a bullish trend and the price remains above the 20- and 50-day moving averages, any downside may be limited. Therefore, there is no clear directional signal in the short term.

GBPUSD is trading at 1.3592, with the RSI at 52.5 in neutral territory. The MACD remains below the signal line, suggesting potential short-term weakness. The price is trapped between the 20-day and 50-day moving averages, offering no clear directional signal. The Bank of England's decision to hold rates steady and its warning about inflation risks from the Iran conflict could create uncertainty in the market. Therefore, a sideways movement is expected in the near term.

Brent crude oil has declined approximately 8% over the past 24 hours, falling to $101.67. Although the RSI at 36.9 approaches oversold territory, the MACD line remains below the signal line and in negative territory. Trading below the 20-day and 50-day moving averages indicates a sustained short-term downtrend. The Bank of England's decision to hold interest rates steady and its warning about inflation risks from the Iran conflict may heighten concerns over oil demand. Therefore, downward pressure is expected to persist in the near term.

WTI crude oil has declined approximately 7% over the past 24 hours, falling to $95.5. The RSI is approaching the oversold territory at 42, while the MACD remains negative below the signal line. A close below the 20-day SMA ($96.55) indicates short-term weakness. The Bank of England's decision to keep interest rates unchanged and its warning about inflation risks from the Iran conflict may heighten concerns over oil demand. The combination of weakening technical indicators and geopolitical uncertainty supports a bearish outlook in the near term.