Currency pair Pound Dollar Forex Thursday strengthened as a result of a weakening dollar that followed the announcement of the Fed meeting. Regulator expectedly raised the interest rate by 0.25%. The next year is expected to increase the rate of two instead of three as previously expected.
On the eve of a meeting of the Bank of England. Members of the Monetary Policy Committee unanimously voted to keep rates on hold at 0.75%. When this has been downgraded forecast GDP growth rate and inflation due to the risk Brekzita and the slowdown in the global economy. The presented data on retail sales were better than forecast values by supporting the pound. Growth sale in November was 1.4%, and the annualized - 3.6% with growth forecast at 0.3% and 1.9% respectively.
Technical GBPUSD forecast: buyers sterling failed to consolidate above the resistance at around 1.2670. In the case of overcoming the level of 1.2730 will open the way to 1.2800. In case of breaking the support 1.2610 is likely depreciation of the GBPUSD to 1.2500.