The British pound has fallen sharply lower against the US dollar, after Bank of England member Jonathan Haskel delivered a dovish speech about future rate hikes from the BOE. The GBPUSD pair also came under pressure after repeated technical failure before the 1.3300 level and a reversal higher in the value of the US dollar index. A scheduled speech from Bank of England Governor Mark Carney this morning will likely set the intraday trading-tone for the GBPUSD pair.
The GBPUSD pair will turn strongly bearish below the 1.3193 level, key support is found at the 1.3144 and 1.3101 levels.
If the GBPUSD pair trades above the 1.3255 level, key technical resistance can be found at the 1.3291 and 1.3313 levels.
