GBP/USD almost flat after BOE’s unchanged monetary policy

Pair is just supported above $1.4400 mark and currently trading at $1.4408 levels.

• Dropping below the $1.44 mark confirmed the bearish bias, with a further decline possible toward $1.42 in the near term.
   
• In the bigger picture, a break of $1.4346 will open the doors of $1.4200 mark. Major support falls at $1.4272 and $1.4226 levels. Alternatively, reversal from this level again drags the parity above $1.5000 levels.  
   
• Yesterday BOE left monetary policy unchanged, keeping the main rate at 0.5% and the QE amount at £375 billion annually. Only one Monetary Policy Member voted for a rate hike, as was broadly expected.
   
• Today UK construction output and Euro zone trade balance are the only features in European session. A bunch of economic data will be released from US today, including retail sales, PPI, Empire State Manufacturing, industrial production, business inventories and U of Michigan sentiments.