No change from the BOE - GBP/USD slides in range

No change from the BOE – GBP/USD slides in range

The Bank of England left its policy unchanged as widely expected. While BOE decisions have been non-events for quite a long time, a rate hike is getting closer and the market action could change even if no change is made. The show remains the MPC Meeting Minutes which might show that someone dissented.

GBP/USD ticked down following the decision, erasing some of the gains made in the minutes before the event. The pair remains around 1.6850.

Technical analysis: Buying Dips In GBPUSD Favoured Ahead of BOE

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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