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Nov 05 - 04:55 AM

GBP/USD - Rises Through 1.30 After BoE Ups QE By GBP 150Bln

By Rob Howard  —  Nov 05 - 02:35 AM
  • Cable up by a cent to 1.3041 after BoE ups QE programme by 150 bln pounds

  • See: nL8N2HR22R. GBP 100bln was consensus f/c. 1.3041 = intra-day high

  • 1.2930 was Asia low after monetary policy articles in The Sun and Telegraph

  • See: nL1N2HQ3VL. 1.2930 = 15 pips shy of Wednesday's low nL1N2HQ27O

  • 1.3050 (Wednesday's Ldn/NY high on Biden win vibe) is a resistance level

  • Biden predicts a win nL1N2HQ0VQ. GOP on track to keep Senate nL1N2HQ3ZN

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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