Overall, GBP/USD is ranging across. Recently, GBP/USD broke above the key level of 1.35.
The Bank of England (BoE) will be announcing its monetary policy decision later. It is expected that the BoE will be increasing the interest rate by 0.25%.
Pay attention to whether the central bank is still planning to carry out more rate hikes soon.
Also, with the central bank’s asset purchase program coming to an end soon, pay attention to any information that the BoE has once QE ends.
Currently, GBP/USD is bouncing off the resistance zone of 1.36000, and the next support zone is at 1.33800. Look for short-term selling opportunities.
