• GBP/NZD declined on Thursday as pound was negatively impacted by Mann and Haskel ditching their votes for hike.
• The BoE's interest rate-setters voted 8-1 to keep borrowing costs at their 16-year high of 5.25% on as the two officials who had previously called for higher rates changed their stance.
• After the BoE decision, money markets are pricing a 75% chance of a rate cut in June, up from closer to 65% earlier in the day.
• GBP/NZD focus is on 2.0887(38.2%fib) support, a break below will accelerate losses towards 2.0800 level.
• Immediate resistance is located at 2.1067(23.6% fib), any close above will push the pair towards 2.1124 (Higher BB).
• Strong support is seen at 2.0887(38.2%fib) and break below could take the pair towards 2.0802 (5th March low).
Recommendation: Good to sell on around 2.0940 , with stop loss of 2.1050 and target price of 2.0850
