GBPCHF Ahead of the BOE Interest Rate DecisionGBPCHF Ahead of the BOE Interest Rate Decision
Today, the Bank of England (BOE) is expected to release its rate decision. The BOE is anticipated to keep rates unchanged at 4.75%. If this happens, the GBP could see slight bullish momentum, but nothing significant.
However, considering the improving UK data over the past month, we could see a weaker GBP , if the BOE cuts rates.
The price has already broken out from a bearish pattern.
This movement is very risky, as it is mainly based on the BOE Interest Rate Decision.
These events can easily invalidate patterns, so it is advisable to be cautious.
You may find more details in the chart!
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