The GBP/USD exchange rate showcases a significant cup and handle pattern, hinting at a strong surge for the British pound in the near term. On Thursday, the pair trades at 1.3355 as traders await the upcoming Bank of England rate decision. These patterns can signal important shifts in market sentiment, presenting opportunities for traders preparing for potential volatility amid upcoming news events. Remaining attentive to the developments around the Bank of England will be crucial as this decision could have noteworthy impacts on the GBP/USD pair.