The GBP/USD decreased but is still trading above the solid support point 1.4090 as the Bank of England (BOE) kept rates unchanged as expected at 0.5%. The minutes also claimed that ‘Brexit’ is going to weigh on economic activity and will affect the currency negatively. Breaking 1.4090 will push the GBP/USD lower at 1.4030 and 1.3980 as strong daily support points.
However, the GBP/USD is searching for a resolution and the prices need to cut the near-term resistance 1.4265 in order to eliminate higher targeting the long-term resistance level 1.4350 and 1.4420.
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