GBPUSD Technical Analysis: Holding Above 1.3700 Support Ahead of BOE Rate Decision
Over the past three trading days, GBPUSD has traded within a narrow range between 1.3683 and 1.3716, closing yesterday at 1.3716 with relative stability. Market focus is firmly on the upcoming Bank of England interest rate decision, which is currently supporting the pound sterling. Technically, GBPUSD remains above the nine-day EMA, signaling that the short-term bullish momentum is intact. For everyday investors, this looks like the pound cautiously balancing between key support and resistance levels while waiting for the BoE’s guidance. Should the central bank take a dovish stance, GBPUSD could gain more ground; a hawkish tone might trigger a pullback.


