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GBP/USD lifts off Asian lows as BOE awaits
The rebound in the dollar later yesterday evening saw both the EUR/USD and GBP/USD drop back from their earlier post Fed highs. The GBP/USD nailed to the pip the level highlighted resistance level at 1.3298-the 2022 high. The slide that followed saw it reach a low earlier this morning at 1.3154. An update here yesterday evening questioned whether the Fed decision might have opened the door for the BOE to follow suit. Well, if they do then that would be just as big a surprise as what the Fed delivered last night. There will be more to add on this today ahead of the BOE decision, at 12pm GMT. Just to say the current consensus remains vested with around 80% of those polled expecting no change from the BOE today. The GBP/USD has rebounded back above 1.32 since that earlier Asian low. perhaps for that very reason. It has just now hit a session high, at 1.3223
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