Sterling fell in European trade on Thursday against a basket of major rivals, extending losses for the third straight day against the dollar and moving away from three-week highs on profit-taking, as investors shun risks ahead of the BOEs policy decisions. The Bank of England is expected to maintain interest rates unchanged for the sixth meeting in a row, but...

Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the highest since March 2008, matching analysts' expectations. ...

GBPUSD Price Analysis Expected Scenario The GBPUSD price couldnt manage to hold for a long time below 1.2480$, trading positively and testing the EMA50. However, the RSI begins to lose positive momentum gradually. Therefore, we believe that there are valid chances to resume the expected bearish wave on the intraday basis. The targets for this wave begin by breaking 1.2480$...

GBPUSD Price Analysis Forecasts and Analysis The GBPUSD price has found solid support at 1.2480$, resulting in temporary bullish bias. However, the EMA50 is exerting negative pressure, supporting expectations for the continuation of the bearish trend. The next target for the bearish trend is 1.2385$. We maintain our suggestion of an intraday bearish trend, with a note that breaching 1.2515$...