GBP/USD clings to 1.3200

GBP/USD has managed to stabilize around the 1.32 mark once again on Thursday, despite some intraday volatility on the back of Bank of England decision and a series of mixed US data.

The BoE left policy on hold as widely expected, but Carney and Co. stressed stressed that the majority of MPC members still expect a rate cut if the August outlook is confirmed.

GBP/USD attempted to move higher during the European session but the upside was capped by the 1.3250 area, from where it has been retreating. Having found support at the 1.3180 zone, the pair was last trading at 1.3211, 0.16% below its opening price.

GBP/USD technical levels

As for technical levels, immediate supports are seen at 1.3162 (50-day SMA), 1.3126 (Sep 1 low) and 1.3078 (Aug 30 low). On the other hand, resistances could be found at 1.3290 (10-day SMA),  1.3346 (Sep 12 high), 1.3374 (Sep 8 high) and 1.3400 (psychological level).