A post by @FirstSquawk on X.

GBP/USD is holding a bullish bias above key support levels as traders position ahead of the Bank of England's upcoming rate decision, according to a First Squawk market note. The pairing's resilience above technical support suggests markets are leaning toward further sterling strength rather than a breakdown. The BoE decision is the immediate catalyst, with the rate verdict and accompanying guidance likely to determine whether the pair extends its advance or tests the referenced support zone. Traders will watch the vote split and policy language for signals on the pace of easing, since a hawkish tilt would reinforce the bullish setup while a dovish surprise could pressure the pair below support.