GBP/USD is attempting to break lower as the price action tests the support around $1.23. Bank of England’s (BoE) Deputy Governor for Monetary Policy, Ben Broadbent, says that it is “quite possible” that further monetary easing will be required to support the economic activity. Fundamental analysis: BoE ready to step in Invezz reported last week that the BOE’s Monetary Policy Committee (MPC) decided to keep its key interest rates at a historic low of 0.1% after cutting rates twice from 0.75%. Still, the BoE’s Broadbent reiterated that the central bank is ready to undertake further monetary easing activities. “Yes, it
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