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Dec 14 - 06:55 PM

GBP: Another Pass By The BoE On Thurs May Push GBP/USD Towards 1.30 N-Term - TD

By eFXdata  —  Dec 14 - 03:00 PM

TD Research discusses its expectations for this week's BoE policy meeting.

"Another pass this month by the BoE leaves GBP vulnerable to a fresh wave of selling pressure, reflecting Omicron uncertainty and heightened volatility," TD notes. 

"As a result, EURGBP should remain near the recent highs for a bit longer, though we like the prospects of fading into 2022. GBPUSD could make a near-term push towards 1.30 if risk appetite starts to crumble," TD adds. 

TD Bank Research/Market Commentary


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