GBPUSD rises and falls after BOE rate rise - ConsultFX

GBPUSD rises and falls after BOE rate rise

Takes back rise off the hike The GBPUSD moved higher. The GBPUSD fell back down. The BOE rose by 0.25 bps as per expectations and the initial reaction was to the upside. The price reached the 100 and 200 hour MA at 1.31179 and 1.3128 respectively. The high reached 1.3123. The price also tested a topside trend