BoE monetary policy decision has weighed on the Pound which has dropped to afresh intra-day low at 1.5050 from levels around 1.5065 before the Bank released its decision
On the downside, if the Pound consolidates below 1.5070 previous intra-day low, next support level could come at 1.4980/90 (May 6 low); below there, 1.4945 (Apr 30 high). On the upside, resistance levels remain at 1.5165 (May 5 high) and above there, 1.5200 intra-day high and 1.5370.
GBP/JPY has also dropped on the back of BoE’s monetary policy announcement, and the Pound declined from 150.90 to 149.30 although the Pound seems to be picking up to levels around 150.00. Resistance levels lie at 151.50 and 151.75. Support levels lie at 149.90 and 149.60.
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