Cable remains on the defensive near the 1.3100 handle. The pair navigates in fresh YTD lows in the 1.3100 area. The BoE is expected to keep its monetary stance on hold today. The Sterling remains under heavy pressure so far this week, now sending GBP/USD to test fresh 2018 lows in the 1.3100 neighbourhood. GBP/USD now looks to BoE Cable is down for the fourth consecutive session so far today, trading in the vicinity of 1.3100 the figure, levels last seen in November 2017, and always amidst a stronger greenback, uncertainty around UK’s PM May government and renewed Brexit concerns. Spot remains unable to gather some meaningful traction despite yesterday’s positive vote on the EU withdrawal bill, a tepid win for PM May against the stagnant negotiations on the Brexit front. Later in the day, the Bank of England is seen keeping its monetary status quo unchanged at its meeting, while the next rate hike has been postponed in light of the poor results from the UK fundamentals as of late. GBP/USD levels to consider As of writing, the pair is retreating 0.46% at 1.3112 and a break below 1.3102 (2018 low Jun.21) would expose 1.3039 (monthly low Nov.3 2017) and finally 1.3027 (monthly low Oct.6 2017). On the upside, the next resistance emerges at 1.3205 (low May 29) seconded by 1.3279 (10-day sma) and then 1.3310 (21-day sma). 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 Bitcoin price analysis: BTC/USD bullish flag pattern heads into a breakout; the only way is up for now FX Street 5 years Cable remains on the defensive near the 1.3100 handle. The pair navigates in fresh YTD lows in the 1.3100 area. The BoE is expected to keep its monetary stance on hold today. The Sterling remains under heavy pressure so far this week, now sending GBP/USD to test fresh 2018 lows in the 1.3100 neighbourhood. GBP/USD now looks to BoE Cable is down for the fourth consecutive session so far today, trading in the vicinity of 1.3100 the figure, levels last seen in November 2017, and always amidst a stronger greenback, uncertainty around UK's PM May government and renewed Brexit concerns.… Regulated 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.