GBP/USD Price Analysis: Bears on the verge of a fresh wave to the downside
GBP/USD bears are seeking a break from 4-hour resistance structure. A downside extension targets a 1.3725 area and beyond. As per the prior analysis, GBP/USD bears piling in at critical daily resistance, the bears remain in control and target a downside daily extension.
Pound falls after BoE decision
Investors who were expecting more hawks to join the policy discussion were left empty-handed at the Bank of England meeting today. Policymakers voted unanimously to keep interest rates unchanged at their current record low of 0.1% and a majority voted to maintain asset purchases at the current level of £895 billion. Andy Haldane was the only dissenter who was looking at tapering bond purchases but he departs from the bank at the end of June.
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