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Forex: GBP/USD falls below support following BoE

After trading at an annual low of 1.5572 yesterday, the GBP/USD once again found itself in familiar territory – south of its opening. Following the aftermath of the BoE Quarterly Inflation report and as the BoE Governor King Speech unfolds the cross was seen trading at 1.5628/30, down -0.22%.
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Forex: EUR/GBP rallies on BoE inflation report

The release of the BoE Quarterly Inflation Report triggered a volatile move of more 50-pip range. The EUR/GBP rallied above 0.8640 as the statement says the UK GDP will stay below pre-crisis level until 2015 and CPI should stay above target for most of the next three years. BoE Governor King is speaking.
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