FXstreet.com (Barcelona) - The Pound has recovered partially after a sharp drop to 1.4088 on a negative reaction after BoE's release of February's meeting minutes.

The GBP/USD has pulled up from three-weeks low at 1.4088, to rise above 1.4135, although selling pressure remains pulling the cross down, and 1.4200 level looks difficult to surpass. Only above 1.4200 the Pound could attempt to access 17 Feb levels above 1.4220.

On the downside, failure to hold above 1.4135 could add selling pressure towards 1.4050 (Feb 2 low.)

GBP/JPY remains at intra-day lows above 130.90, after a sharp drop from 132.30, below 130.90, the pair could drop towards the current week low at 1.2965.