10:24, 26 mars
The Bank of England decision on today may focus more on assessment than action after an unprecedented third meeting of policy makers this month. The coronavirus pandemic prompted officials to slash interest rates to a record low 0.1% and kick-start a new round of bond buying in two emergency moves in March.
1.1930 is the main resistance level for the pair. We do not expect strong up movements until the 1.1930 is breaking.
Resistance levels: 1.1930 – 1.1990 – 1.2030
Support levels: 1.1780 – 1.1720 – 1.1640