GBPUSD Slumps As BoE Votes 6-2 To Hold Policy Unchanged
The Bank of England has left interest rates unchanged with only two of its MPC members voting in favour of a hike this month.
The Bank of England has left interest rates unchanged with only two of its MPC members voting in favour of a hike this month.
GBPUSD recently made a strong downside break from the short-term rising trend line support visible on its 1-hour time frame.
GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same amount.