#EURGBP rises ahead of the -BoE Interest rate announcement.
In less than 2 hours to the release of rate, price of EUR to GBP is currently found close to a RESISTANCE level @0.8463 formed from 27th of Apr leaving behind a weak SUPPORT level @0.8398 on H1 timeframe.
However, More hawkish than expected is good for GBP i.e there will be a highly DEMAND is GBP
In less than 2 hours to the release of rate, price of EUR to GBP is currently found close to a RESISTANCE level @0.8463 formed from 27th of Apr leaving behind a weak SUPPORT level @0.8398 on H1 timeframe.
However, More hawkish than expected is good for GBP i.e there will be a highly DEMAND is GBP