GBP/USD breaks support area and accelerates lower

GBP/USD broke decisively below the 1.4100/1.4090 support area and accelerated lower toward fresh 2-month lows at the beginning of the American session.

The Bank of England left its monetary policy unchanged on Thursday and warned about Brexit spillovers over the global economy. Meanwhile, the dollar was among the best performers across the board despite the dovish tone adopted by the Fed on Wednesday and lackluster inflation numbers.

GBP/USD fell as low as 1.4043, marking its lowest level since early April, and it was last trading around 1.4050, recording a 0.19% loss on the day.

GBP/USD levels to watch

In terms of technical levels, immediate supports are seen at 1.4040 (Apr 8 low) and 1.4004/00 (monthly low April/psychological level). On the other hand, next resistances could be faced at 1.4210/16 (Jun 15 & 16high), 1.4265 (Jun 14 high) and 1.4347 (100-day SMA).