GBP/USD was grasped by bears on Wednesday and the beating
continued today, when earlier in the morning the pair hit $1.4120.
The pound slipped with 0.45% and is trading close to intraday
lows around $1.4135. An impulse to the shaky pound was set by the rising
frustration of Brexit misgiving.
Some more volatility is expected later on today during the US
session.
On the agenda for the day regarding the macroeconomic news,
major event is the Bank of England meeting. It is supposed that BoE will leave monetary policy unchanged, along with the main interest rate
pinned at 0.5% and the annual pace of QE planned to remain at £375 billion.
The sentiment for the pair remains bearish and we may expect testing of the first support at $1.4100. Immediate resistance is seen at $1.4175 followed by $1.4240. A clear break above that area could lead price to
neutral area testing $1.4280.
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