GBPUSD Unmoved by BoE Stimulus

The British pound sterling shrugged aside the BoE decision to add more stimulus.

The currency managed to trade bullish, gaining over 0.70% intraday. The gains saw the cable rising above the 1.3000 handle.

However, the sideways range continues to remain in place. This could change if we see a strong close above the 1.3122 level.

A close above this level could open the way towards the 1.3300 handle.

The weaker dollar is also playing its part in the GBPUSD intraday gains.

Finally, the Stochastics oscillator is positioned to show further gains are likely to come by.

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