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Jan 30 - 07:24 AM

GBP/USD - Reclaims 1.30 Handle Before 50-50 BoE Rate Decision

By Rob Howard  —  Jan 30 - 05:20 AM
  • Cable eyes 1.3026 (Asia low) after rallying off 1.2979 (two-day low)

  • 1.2979 was plumbed in early Ldn trade (1.2976 = Tuesday's low) nL1N29Z05S

  • Volatility precedes knife-edge BoE rate decision at 1200GMT nL1N29Y0YW

  • GBP/USD could jump to/through 1.3104 if BoE keeps rates unchanged

  • 1.3104 was Monday's high. 1.3180 was Jan 24 high (after UK PMI beats)

  • Resistance levels pre-1.3104 include 1.3041 (Monday's low) and 1.3066

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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