• GBP/USD declined sharply on Thursday as the dovish stance from the Bank of England weighed on sterling.
• The BoE held its key interest rate at 4.75%, as expected, but three policymakers voted to lower borrowing costs.
Three of the nine-member Monetary Policy Committee (MPC) of the BoE including Deputy Governor Dave Ramsden and external members Swati Dhingra and Alan Taylor supported a quarter-point cut in the interest rate to 4.5%.
•At GMT 15:55, Sterling was last down 0.21% on the dollar at 1.2548, its lowest since November 26th .
• Immediate resistance is located at 1.2665 (38.2%fib), any close above will push the pair towards 1.2728(Dec 18th high).
•Support is seen at 1.2533(23.6%fib) and break below could take the pair towards 1.2485(Lower BB).
Recommendation: Good to sell around 1.2560 with stop loss of 1.2650 and target price of 1.2460


FxWirePro: USD/JPY edges up as yen dips after soft household spending data
FxWirePro- Woodies Pivot(Major)
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
FxWirePro: GBP/USD stuck in range but maintains bearish bias
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro: GBP/NZD edges up, remains on front foot
FxWirePro: EUR/AUD eases as market awaits Iran deadline
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
FxWirePro: AUD/USD slips amid wavering risk sentiment
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom 



