FX Watch: Key Levels for GBP/USD and GBP/AUD if the BOE Turns Bullish

The Bank of England (BOE) is widely expected to cut its interest rates later this week after a number of reports pointed to easing price pressures.

But our Event Guide for the BOE Policy Decision also suggests that the move may be priced in, potentially leading to a bullish reaction for Sterling if the BOE members turn out to be less dovish than markets had expected.

Here’s why we’ve got our eyes on GBP/USD and GBP/AUD’s charts if the BOE event ends up pushing the British pound higher!