What technical levels are in play for your FX trading today ...Middle East

Good morning.The Bank of England cut rate by 25 basis points to 4.75% to kickstart the US session. The vote was 8-1 vote with Catherine Mann as the only member who voted to keep rates unchanged. Governor Andrew Bailey highlighted the ongoing progress in disinflation but noted that domestic inflationary pressures are easing at a slower pace. While most of the persistent inflation may subside quickly, pay and price-setting behaviors are gradually normalizing as the effects of global shocks continue to unwind. He stressed the importance of ensuring inflation remains near target, which means that rate cuts cannot happen too quickly or by too large a margin.The recent Autumn Budget 2024 measures

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