The GBP/USD pair rose again on Wednesday as the Bank of England suggested that easing wouldn’t be a consideration going forward. The British economy has been holding up well all things considered, and because of this, the central bank thought the current monetary policy was enough.
This boosted the Pound overall, and as a result this pair rose.
The 1.60 level has been broken again. However, the 1.6065 level was the last high, and in order to get long at this point we need to see that overtaken. All things being equal though – this pair does look like it wants to go higher. At the moment, we are simply waiting for that move.
Written by FX Empire