GBP/USD : The BoE raises the rates for the first time in 10 years, but sends signals dovish, pushing the GBP to the downside on the Forex




The pair GBP/USD sells the new after you have bought the rumor and shrink on the Forex.

In fact, as widely expected, the BoE raised its key rate from 0.25% to 0.5%, but has sent signals dovish on the future pace of rate hikes, which is expected to remain limited and gradual.

GBP/USD started the bearish correction before the publications of the BoE, speeding up then towards the bottom of the range of consolidation in the area of 1.3100.

A break here remains needed to continue the movement in the direction of 1.3030 in a first time.

Above 1.3100, we maintain the range of consolidation, with risk of rebound in the direction of the 1.3285/1.3340 in the short term.

The bias therefore remains oriented downward as a result of this BoE meeting, but a break technique under the 1.3100 is still necessary to continue the downward movement.

The President of the BoE, Mark Carney will hold a press conference from 13: 30.

The pair GBP/USD is currently trading at 1.3135 on Forex.

Chart GBP/USD H4



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