The Bank of England surprised markets despite delivering a widely expected 25 bps rate cut to 4.00%. A rare split vote (5-4) and hawkish commentary from Governor Bailey sparked a rebound in the Pound, as traders shifted focus to the central bank's future path. We analyze GBP/USD technicals across multiple timeframes to assess the current momentum and outlook.
07-08-2025 15:39 GMT
by Elior Manier