GBPUSD

While our main focus before the June meeting where we can comment on the pace of the US Federal Reserve until the end of the year is the CPI data on Wednesday, May 15, the most important day of a quiet week is undoubtedly today. Although no change is expected, how the BoE, the Central Bank of England, will give clues on the next period's interest rate cut roadmap, especially the speech of President Bailey, can provide us with clues about the process. Apart from the BoE, the US Unemployment Claims that we follow every week and the speeches of the FOMC members that we have been following since the beginning of the week can be followed for the course of the Dollar Index and therefore the EURUSD and GBPUSD parities on today's radar. The 1.2493 level can be followed for intraday upward movements. If this level is exceeded, the resistances of 1.2499, 1.2508 and 1.2514 may become important. In possible pullbacks, 1.2484, 1.2478 and 1.2469 will be monitored as support levels. Support: 1.2484 – 1.2478 Resistance: 1.2499 – 1.2508