The Pound Sterling is under pressure in early trading during the North American session, dropping some 0.12% after the Bank of England (BoE) cut interest rates to 5.25% in a 5-4 tight vote split.
GBP/USD drops 0.32% as BoE cuts rates to 5.25% in a tight 5-4 vote. Technical outlook suggests potential rebound, forming a 'hammer' pattern. Key resistance levels at 1.2888, 1.2900, and 1.2937; support levels at 1.2786, 1.2750, and 1.2700. The Pound Sterling is under pressure in early trading during the North American session, dropping some 0.12% after the Bank of England cut interest rates to 5.25% in a 5-4 tight vote split.
For a bearish continuation, sellers must push prices and achieve a daily close below the 50-day moving average at 1.2786. Once surpassed, the next support would be the August 1 low of 1.2750, followed by 1.2700 and the 100-DMA at 1.2683. GBP/USD Price Action – Daily Chart British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today. British Pound was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.
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