• GBP/NZD traded flat Monday as investors braced for a busy week of central bank meetings, including the Bank of England.
•The spotlight remains on the U.S. Federal Reserve, which sets policy this week, alongside central banks in Japan and Canada.
• The Bank of England is widely expected to leave interest rates unchanged at its policy meeting on Thursday, with stubborn inflation keeping the central bank cautious.
• Beyond monetary policy, fiscal risks are also on traders’ radar as the UK heads toward its autumn budget on November 26, which could shape sentiment around sterling.
• Immediate resistance is located at 2.0453(Sep 15th high), any close above will push the pair towards 2.0584(50%fib)
• Support is seen at 2.0358 (38.2%fib) and break below could take the pair towards 2.0287 (Lower BB).
Recommendation: Be on sideliness
