Buys on close above 163.360 targeting 4h Resistance at 163.660 leaving Runners to 30min Resistance / Daily Rejection Area at 163.900.
Sells on close below 162.900 targeting 4h Support at 162.420 leaving Runners to 1h Support at 161.920.
The Bank of England is expected to increase its base interest rate to the highest level in a bid to tackle inflation.
It is predicted to rise to 1% amid soaring food, energy and fuel prices that saw Inflation hit a 30-year high of 7% in March.