GBPUSD

Key Indicators

• GBPUSD formed a short-term base near 1.3280 after the decline. Bulls are defending the 1.3280 support to prevent increased bearish pressure and potentially stronger sell-offs.

Fundamental Context

GBPUSD ended with significant gains on Wednesday, supported by broad dollar weakness following the Federal Reserve’s decision to leave interest rates unchanged. Today, traders and investors should closely monitor the Bank of England meeting outcome. The central bank is expected to hold rates steady as inflation risks stay in focus