📌 The Bank of England is widely expected to cut rates by 25 bps to 4.25% today, as inflation continues to ease and global risks weigh on growth. With the rate move largely priced in, market focus shifts to Governor Bailey’s tone and future guidance. GBP/USD trades near 1.3300, showing consolidation after failing to breach April highs.
- Resistance : 1.3417
- Support : 1.3259, 1.3123
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ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.