EUR/GBP Spike after the BoE in the vicinity of the 0,8450

FXStreet The EUR/GBP extending its recovery movement, and so it came to the formation of the 2-day high in the vicinity of the 0,8450, after the monetary policy decision of the BoE was announced.

As widely expected, the monetary policy remained unchanged, so that interest rates remain at 0.25% and of the bond-buying programme at 435 billion£. The session log shows that the MPC members were with a 7:1 vote for unchanged interest rates. The only member of Forbes was for a rate increase.

Further Details show that the Central Bank lowered its GDP forecast for 2017 of 2.0% previously to 1.9%, the British pound came under selling pressure. Previously today, already, the production data, the UK had delivered disappointing results.

Important Levels

Resistances are in the vicinity of the 0,8485 and the psychological level of 0.85. On the other hand, supports are located at the 0,8420 and 0,8400.

** FXStreet News Editorial, FXStreet**

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