Bank of England meeting is not a surprise to the market participants.
The decision to keep the key rate unchanged from the 2009 level was an unanimous decision of the members of the Bank’s Monetary Policy Committee of England, as expected by the market. The GBP / USD pair slightly reacted to the regulator’s decision.
The Bank of England noticed that there were signs that the delayed start projects related to capital investments or real estate to clarify the situation on the UK’s membership of the EU. It reminded investors that the main risks are the same.
GBP/USD technical analysis and forecast for 04/18/2016 – 04/22/2016 week
The GBP / USD Currency pair is finishing the volatile week near the 1.4200 level. The RSI on the daily chart is keeping a signal in favor of the quotations growth. “Bulls” on the pound still have not finished with the up correction to the top edge of the descending channel after updating the lows formed for many years. The GBP / USD forecast on the week considers the continuation of the growth of the pound, the main goal is in 1.4450.
