The Bank of England (BoE) is expected to announce a 25 bps rate cut on February 6, 2025. Weak UK Data and ongoing trade war and geopolitical risks pose threat to BoE policy. Key levels to watch are 1.2500 (resistance) and 1.2466 (support). Governor Bailey comments and press conference are key to future policy hints. […]
The post GBP/USD Analysis: Bank of England Decision Looms – What to Expect? appeared first on Action Forex.
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