FXstreet.com (Barcelona) - The Pound has resumed downfall against the Dollar breaking support line at 1.4035 short after the release of BoE's minutes, at the moment the Pound aims to critical support line at 1.4050, (Feb 2 low.)

The Pound is trading at the lowest levels of the last three weeks, as negative BoE minutes have increased selling pressure for the Pound. At the moment GBP/USD trades around 1.4100 on its way to 1.4050, the Pound looks strongly bearish and a break below 1.4050 would open the doors for a further drop to 1.3500, Jan 23 low.

EUR/GBP has broken through 0.8900 on renewed buying pressure after the BoE minutes, success on holding above 0.8900 would open the doors for 0.8925 on its way to intra-day high at 0.8950.