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GBP/USD Holds at 2014 High; BoE Holds as Well

This week, GBP/USD has been strong due to the weak USD. It rallied from 1.6544, last Friday's low to 1.6820, the 2014 high, and stalled ahead of the Bank of England monetary policy statement. 

The BoE held the key interest rate at the historic low of 0.50% and held the asset purchase program at 375B pounds. This was an uninspiring report for both GBP bulls and bears. 

The GBP/USD market appears to need a little more than just the status quo from the BoE to extend above the 2014 high. 

(gbpusd 4h chart, 4/10)
Jobless claims up next for the US. Let's see if this will work to extend USD-weakness, or be good enough to help USD take back some of this week's losses.
If GBP/USD falls further today, look for support in the 1.6680-1.6715 area, around 1.67. There were several resistance factors here before that might turn into support.