GBPUSD Drops on BoE Rate Cut Signals, but Bullish Trend Intact
GBPUSD is down sharply today as the Bank of England signals potential rate cuts. Previously, the BoE was more hawkish while the Fed cut rates. Yet that is coming to a change. Despite this, the GBPUSD trend remains bullish as long as it stays above the September low of $1.2995. Key resistance levels to watch are 1.3225 and 1.3307.
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This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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