FX Watch: Key Levels for GBP/USD and GBP/AUD if the BOE Turns Bullish
The Bank of England (BOE) is widely expected to cut its interest rates later this week after a number of reports pointed to easing price pressures.
But our Event Guide for the BOE Policy Decision also suggests that the move may be priced in, potentially leading to a bullish reaction for Sterling if the BOE members turn out to be less dovish than markets had expected.
Here’s why we’ve got our eyes on GBP/USD and GBP/AUD’s charts if the BOE event ends up pushing the British pound higher!
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