BoE will announce its interest rates decision.Market players expect the BoE to raise base rates to the 0.5 percent they stood at from March 2009 until August last year, when they were halved to 0.25 percent after Britons voted to leave the European Union.

Britain’s annual growth is running at its weakest in four years, but with inflation hitting a five-year high of 3.0 percent in September and unemployment at a 42-year low, the central bank is worried the economy could overheat

Technically:

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Source: http://www.fxters.com/gbpusd-key-levels-technicals-analysis-november-2nd/

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