The GBPUSD experienced steady declines during the Asian session and ahead of the BOE rate decision. The Bank of England cut rates by 25 basis points, as widely expected, but the fact that two members voted for a more aggressive 50 basis point cut added to the bearish sentiment. This pushed the pair lower into a swing area between 1.23515 and 1.23759, where buyers found support and started to reverse the downward momentum.

The recovery gained traction, with the pair climbing towards the 100-小时移动平均线为1.24269 and the 200-小时移动平均线为1.24356, which now serve as key resistance levels. These technical levels are critical short-term barometers, and sellers are expected to lean against them, using stops above in case of a breakout. For the GBPUSD to sustain further upside momentum, a decisive move above these moving averages would be required.

目前，卖家似乎正试图维持控制权并保护熊市偏见。如果价格仍低于这些阻力位，就会加剧下行压力，可能导致波动区域再次受到考验。然而，突破移动平均线可能预示着情绪的转变，并为进一步的上行探查打开大门。

BOE Bailey预计很快将接受电视采访。

市场目前预计5月份降息，从现在到年底总共降息64个基点。这高于利率决定前的约58个基点。