GBP/USD (current price: 1.3472)
The Pound is trading just below the crucial 1.3550 resistance this morning after the surprising decision by the Bank of England. The central bank changed its economic outlook following the developments after the Brexit vote. The bank will likely support the economy with new measures later this year, but the current decision still pushed the currency higher on Thursday.
Our assessment: GBP/USD is now 5% off its recent lows and traders will probably focus on the 1.3550 level later on this week .
