GBP/USD Price Analysis: Pound Holds Steady After BoE’s Pause

<div><img width="1024" height="746" src="https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-1024×746.png" class="type:primaryImage wp-post-image" alt="my GBP/USD forecast" decoding="async" style="margin-bottom: 15px;" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-1024×746.png 1024w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-300×219.png 300w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-150×109.png 150w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2.png 1171w" sizes="(max-width: 1024px) 100vw, 1024px" /></div>
<p>The pound showed resilience following the Bank of England’s decision to hold rates. The BoE signaled no imminent intention of cutting rates. There are concerns about an impending UK economic recession. On Friday, there was bullish sentiment in the GBP/USD price analysis as the British pound stood firm against the dollar. It showed resilience following…</p>
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