“¢ BoE maintains status quo and leaves interest rates/asset purchase facility unchanged. “¢ Hawkish MPC vote split revives August rate hike prospects and lifts the British Pound. The GBP/JPY cross recovered early lost ground and surged to fresh session tops, closer to the 146.00 handle post-BoE announcement. As was widely expected, the UK central bank decided to maintain status quo and leave interest rates/asset purchase facility unchanged. However, a hawkish vote count (6-3) revived hope for an imminent rate hike in August and provided a goodish lift to the British Pound. Meanwhile, reviving safe-haven demand, amid renewed political jitters from Italy, continued underpinning the Japanese Yen and but did little to hinder the pair’s sharp intraday rebound of over 130-pips. Technical levels to watch A follow-through momentum beyond the 146.00 handle has the potential to continue lifting the pair further towards its next resistance near the 146.60-65 horizontal zone. On the flip side, any meaningful retracement now seems to find immediate support near the 145.00 handle, below which the pair is likely to head back towards challenging intraday lows support near mid-144.00s. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Jobless claims and Philadelphia Fed Index in focus today – TDS FX Street 3 years "¢ BoE maintains status quo and leaves interest rates/asset purchase facility unchanged. "¢ Hawkish MPC vote split revives August rate hike prospects and lifts the British Pound. The GBP/JPY cross recovered early lost ground and surged to fresh session tops, closer to the 146.00 handle post-BoE announcement. As was widely expected, the UK central bank decided to maintain status quo and leave interest rates/asset purchase facility unchanged. However, a hawkish vote count (6-3) revived hope for an imminent rate hike in August and provided a goodish lift to the British Pound. Meanwhile, reviving safe-haven demand,… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
