The Pound Sterling collapsed during the North American session, below the 1.2700 figure after the Bank of England (BoE) decided to keep rates unchanged but hinted at a possible cut in the summer.
GBP/USD edges down 0.30%, following the Bank of England's rate decision. Technical outlook shows neutral to upward bias, with critical support at 1.2643/38. Resistance levels to watch: 1.2700, 1.2739, and 1.2800. Support levels include 1.2619, 1.2600, and 200-DMA at 1.2551. The Pound Sterling collapsed during the North American session, below the 1.2700 figure after the Bank of England decided to keep rates unchanged but hinted at a possible cut in the summer. The GBP/USD trades at 1.
264 Daily SMA200 1.2554 Levels Previous Daily High 1.274 Previous Daily Low 1.27 Previous Weekly High 1.286 Previous Weekly Low 1.2657 Previous Monthly High 1.2801 Previous Monthly Low 1.2446 Daily Fibonacci 38.2% 1.2725 Daily Fibonacci 61.8% 1.2716 Daily Pivot Point S1 1.27 Daily Pivot Point S2 1.268 Daily Pivot Point S3 1.266 Daily Pivot Point R1 1.274 Daily Pivot Point R2 1.276 Daily Pivot Point R3 1.
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