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Nov 05 - 08:55 AM

GBP/USD - Down 2.25 Cents Since BoE's Dovish Surprise

By Rob Howard  —  Nov 05 - 06:35 AM
  • GBP continues to suffer on the back of the BoE's dovish surprise Thursday

  • BoE kept rates at 0.1% vs 15 bps hike priced by money markets nL8N2RV5VE

  • More: nL1N2RW0JO. Cable down to 1.3425, lowest level since Sept 30

  • 1.3412 (nine-month low on Sept 29) and 1.3400 are support points

  • 1.3472 (Thursday's low) is now a resistance level, with 1.35 beyond

  • U.S. Oct NFP data due at 1230 GMT, 450k f/c. Beat may benefit USD

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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