GBP/USD Forecast: Continues to Consolidate Despite Rate Hike

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GBP/USD Forecast: Continues to Consolidate Despite Rate Hike
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$GBPUSD Continues to Consolidate Despite Rate Hike ratehike BankofEngland BOE

Get DailyForex analysis to your emailThe GBP/USD experienced a minor retreat during Thursday's trading session but managed to find support just above the 1.2550 level, a significant area that has held importance for an extended period.

Notably, the Bank of England announced a 25 basis point increase in interest rates during the session.

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