In line with expectations, an announcement of the UK Official Bank Rate and the following Governor Carney’s press-conference have heavily affected value of the given currency pair. Namely, the 94-pip depreciation of the Pound has pushed the rate out of a weekly ascending channel. The fall continued until the pair found support in the face of the 200-hour SMA near 1.3130. Shortly after that the Sterling tried to restore some of the lost positions, but failed to climb above the 1.3144 level. Today it is expected to continue to climb to the top. However, even if succeeds to overcome the above resistance, the surge should be limited by a combination of the 55- and 100-hour SMAs as well as the weekly R1. If it fails, the slide most likely will be stopped by the weekly or monthly PP near 1.3090.
