FXstreet.com (Buenos Aires) - GBP/USD is approaching to daily low at 1.6364, after failing to break above 1.6440 strong resistance zone. Technically, the pair has turned bearish in 4 hours charts, also under pressure from the fundamental perspective, as this Thursday BOE's meeting could again shock markets: the Bank could well be considering even cutting interest rate paid to banks on their reserves with the central bank, in an effort to stop institutions hoarding the extra money created by quantitative easing and increase lending. Mostly after past Sunday, the British Chambers of Commerce warns that BoE's policymakers should cut interest rates to zero this week to prevent tentative signs of economic recovery giving way to a relapse.

Anyway, and despite during last meeting at least three members voted to increase QE even further, BOE is expected to leave rates unchanged at 0.5% historical low, and hold current level of QE in next September meeting.