As we mentioned in the morning, the price found a support at the 23.6% Fibonacci. The Sterling benefited from the rates and asset purchase program left unchanged.The price held on the 1.6482 support to try to break 1.6593 when the rates were announced, but it failed to do that. If that level is not broken, the pair should enter a sideways range. The range could be between the support and resistance we mentioned before.

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