The pair pared some of its gains after the BOE monetary policy. Intraday bias remains bearish as long as resistance 0.8450 holds. Read Till End
On March 20, 2025, the Bank of England (BoE) maintained the base interest rate at 4.5%, signaling a cautious approach amid concerns about a January contraction and inflation exceeding the 2% target. The Monetary Policy Committee (MPC) is focused on balancing economic growth and inflation, with market expectations suggesting potential rate cuts later in 2025 if economic conditions allow. This decision is anticipated to impact housing, consumer spending, and the British pound, as the BoE navigates domestic and global economic uncertainties
Signal
Sell 0.8380 with a stop loss around 0.8400 for a target price of 0.8300.
