Previous Daily candle closed Bullish almost tapping into the recent Daily Resistance at 154.870, Although price could consolidate before Bank England’s review on Bank Rate on this Thursday (17.03.2022) which is likely they will be implementing 3rd Hike of this year due to High Inflation in the UK.
Current Inflation Rate at 5.5% (Target 2.0%) Current Bank Rate at 0.50% / Forecast : 0.75%