Comments from BoE governor after the publication of interest rates decision:
- There are signs of more sustained price pressures which are worrying us
- In order to cope with the inflationary pressure, we need to take the necessary measures
- Omicron is a very important issue that will undoubtedly have a big impact on the economy
Looking at the GBPUSD at H4, price is testing a key resistance at 1.3350. Whether the currency pair manages to break higher will determine the direction of the trend in the medium term.
GBPUSD H4. Source: xStation5
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