The British pound has moved sharply higher against the US dollar, following the Bank of England rate decision, where MPC voting member Andy Haldane called for an immediate rate hike. The GBPUSD pair is currently trading around the 1.3270 level, after recovering from just above the 1.3100 level on Thursday. GBPUSD buyers will try to move price above the 1.3300 level, to change the medium-term sentiment surrounding sterling.
The GBPUSD pair is strongly bullish while trading above the 1.3215 level, key technical resistance is now located at the 1.3300 and 1.3294 levels.
If the GBPUSD pair moves below the 1.3215 level, key technical support can be found at the 1.3190 and 1.3150 levels.
