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Trading Recommendations and Trades Review for GBP/USD on July 31. Bank of England Supports the Pound
Analysis of GBP/USD 5M
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31.07.2026 05:15 AM
Analysis of GBP/USD 5M The GBP/USD currency pair continued its strong upward movement throughout Thursday, reaching the 1.3465-1.3480 area by the end of the day. While the growth of the British pound on Wednesday evening was driven by the FOMC meeting, Thursday’s rise was influenced by the disappointing US GDP report for the second quarter and a more hawkish stance from the Bank of England than expected. Despite UK inflation dropping to 2.6% in June, the BoE
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