Cable higher on upcoming rates decision

On Thursday, the British Pound was traded higher versus the U.S. Dollar, as investors eyed the upcoming BoE decision on interest rates. GBP/USD hit a session high of 1.6134, and later consolidated at 1.6112, which was a 0.22% gain for the European morning trading session. The pair's support was likely to be at 1.6065, while the resistance could be found at 1.6174.