GBP/USD Waits Patiently For The BoE's Decision

Discussion in 'Technical Analysis' started by Kaitlin, Jul 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The British Pound weakened against the US Dollar on Wednesday, ultimately closing with a 99-pip loss over the day, but without the immediate support area being reached. Today risks are still skewed to the downside, as the BoE is expected to cut its interest rate by half, which is considered[​IMG]

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