FXstreet.com (Barcelona) - The Pound is picking up strength ahead of the BoE monetary Policy decision, and its rally from intra-day low at 1.5070 has extended above 1.5165 may 5 high reaching levels close to 1.5200, a fresh 4-month high.

Next resistance level remains at 1.5190, and above there, 1.5370 (Jan 8 high) and then 1.5725 (Dec 17 high). On the downside initial support comes at 1.5165 and below there, 1.5100 and 1.5065.

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