The Bank of England left its policy unchanged as widely expected. While BOE decisions have been non-events for quite a long time, a rate hike is getting closer and the market action could change even if no change is made. The show remains the MPC Meeting Minutes which might show that someone dissented.
GBP/USD ticked down following the decision, erasing some of the gains made in the minutes before the event. The pair remains around 1.6850.
Technical analysis:Â Buying Dips In GBPUSD Favoured Ahead of BOE
