GBP/USD Analysis and Talking Points
Bank of England provides a dovish hold after a 7:2 vote split with the two dissenters calling for a 25bps rate cut. In turn, pushing GBP/USD lower, however, money markets are only slightly raising the likelihood of a cut, given that markets had been pricing in cuts throughout 2020.
GBP/USD Price Chart: 1-Minute Time frame (Intraday)
— Written by Justin McQueen, Market Analyst
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