Pound rising pre BOE |
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Gbp is rising ahead of BOE announcement, but unless the Central Bank decide to make a surprise change in their QE or rate, quite unlikely at this point, seems we are not going to see to much reactions to the news, but remain moving on gold, stocks and sentiment.
GBP/USD quotes around 1.6340, with a slightly bullish perspective in 4 hours charts. Above 1.6380, pair should extend the rally with 1.6420 and 1.6460 as immediate resistances. Under 1.6300, pair will be back under pressure, with next supports at 1.6250 area, 1.6200 and the weekly low around 1.6165.
Filed under: Forex Advisor
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