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BOE will unveil their latest stance on monetary policy and view/outlook on U.K. economy at the second "Super Thursday" meeting, which features interest rate decision and voting, monetary policy statement, inflation report and a press conference. It will all begin at 12:00 GMT.
Given importance of this quarterly event, potential for volatility is great. First stronger support is seen near 1.5350 (50 DMA, 200 DMA) and then 1.5250 (Previous Week Low). Some resistance may come in ahead of 1.5450 (Previous Day High) and then around 1.55 (100 DMA, October high).
Given importance of this quarterly event, potential for volatility is great. First stronger support is seen near 1.5350 (50 DMA, 200 DMA) and then 1.5250 (Previous Week Low). Some resistance may come in ahead of 1.5450 (Previous Day High) and then around 1.55 (100 DMA, October high).
