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[QUOTE="Mikhail Kurakin, post: 196767, member: 2368"] GBP/USD: Bank of England is not ready to change the course of monetary policy Current trend The GBP/USD pair moves horizontally, trading around the level of 1.3930 amid the rhetoric of the Bank of England. GBP reacted neutrally to the regulator's decision not to change the main parameters of monetary policy and leave the interest rate at 0.10%, and the total volume of the government bond purchase program at 875B pounds. Officials of the department stressed that at the moment the priority is to achieve a stable inflation range above 2%, mainly due to a possible further increase in energy prices. The bank also drew attention to GDP growth rates, which are still below the benchmarks, and set a target range of around 5.5% for the third quarter. The US macroeconomic statistics were also viewed as neutral by investors. Although Initial Jobless Claims were higher than the forecast, amounting to 411K against 380K expected, USD rate remained at the level of the beginning of the week. Among the negative indicators, it is worth noting the decrease in durable goods orders for May to 0.3% from 1.7% for April. Now, it seems that the overpriced dollar is being held artificially, and in case of further deterioration of the quotes, the quotes may start to actively decline. Support and resistance The course moves within a wide lateral channel. Technical indicators keep a local sell signal: fast EMAs on the Alligator indicator are below the signal one, and the AO oscillator histogram is kept in the sell zone. Resistance levels: 1.3985, 1.4221. Support levels: 1.3788, 1.3668. [img]https://media.clawshorns.com/uploads/files/37d6114520a9ccb12aba15772eb0317e.png[/img] [/QUOTE]
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