After the Bank of England meeting, the GBP/USD rate is showing a weak growth; the EUR/GBP cross-rate continues to fall. As the result of these, Financial regulator keeps the key rate level at 0.5%. The bound-buying program level remains the same, equals to 375 billion pounds.
GBP/USD technical analysis and forecast on May 13
GBP is showing a slight growth after the retesting of its descending channel’s upper bound. The relative strength index continues its rising to the resistance area that gives some signs of the following uptrend. The 12.05.2016 forecast for GBP/USD foresees the GBP growth with the first target in the area of 1,4550, the main target for the “bulls” being located in the area of the yearly highs.
