GBPUSD slipped following the release of April BoE minute.

GBPUSD slipped following the release of April BoE minute.

GBPUSD faced strong resistance at year-to-date high around ahead of April BoE minutes, GBPUSD has been moving around 1.684 for many hours but was unable to breakout the range to move higher. Finally, GBPUSD has dropped down from year-to-date high immediately after the April’s BoE minutes released. The BoE sees U.K. Recovery is strengthening but inflation pressures is subdued.

GBPUSD is trading around 1.68.

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