Daily Pivots: (S1) 1.2122; (P) 1.2200; (R1) 1.2242; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.2292 temporary top. Further rally is expected as long as 1.2062 minor support holds. Above 1.2292 will target 1.2405 resistance first. Firm break there will target 1.2666 key resistance next. On the downside, however, break of 1.2062 […]
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BoE lowered its benchmark Bank Rate by 25 basis points to 4.25% , in line with market expectations. However, the decision revealed a rare three-way split among policymakers. Five members supported the 25bps reduction, while Read more…
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Monetary Policy Summary, May 2025 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term Read more…