The pound sterling (GBP) is weak and quoting defensively in Thursday’s NA session, with markets without being affected by the BOE decision to maintain the rate at 4.25%, but offering some reaction to a 7-3 division in the vote of maintaining, they inform the Scotiabak, Shaun Osborne and Eric Theoret.
The markets are digging the decision of the BOE and the unexpected 7-3 vote to keep
“The recent vote in the BOE has been mixed, with the previous meeting offering a distribution of 2-5-2 in the rise-maintenance-cut while those responsible for the policy evaluated the uncertainties raised by the tariffs. A return to a neutral/moderate bias was expected, however, we believe that it is important Pill. “
“We are still medium -term GBP bulls, mainly based on the weakness of the USD driven by the Fed instead of the GBP strength. The GBP/USD has not had any follow -up after the considerable fall on Tuesday.”
“The trend of several months remains intact, for now, while the GBP/USD proves the important level of 50 -day mobile average (1,3390) in the medium term. A rupture from here would call a more decisive change in the trend. The last pair of candle doji indicates uncertainty, and we hope that the short -term range is defined by the support below 1,3380 1.3480. “
Source: Fx Street
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