BoE Poised to Cut Rates — Will Sterling Hold the Line?

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📌 The Bank of England is widely expected to cut rates by 25 bps to 4.25% today, as inflation continues to ease and global risks weigh on growth. With the rate move largely priced in, market focus shifts to Governor Bailey’s tone and future guidance. GBP/USD trades near 1.3300, showing consolidation after failing to breach April highs.

  • Resistance : 1.3417

  • Support : 1.3259, 1.3123

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