BOE will announce its interest rate decision today. No changes to official bank rate and asset purchase facility are expected. The focus will be on official bank rate votes, though. If additional hawks have joined Ian McCafferty then the pair will rally otherwise it will fall but, depending on the monetary policy summary and minutes, the dip could prove as a good buying opportunity. Cable is currently trading just above 200 DMA and 38.2% retracement of the nine-day downswing.
Support:
1.5290 - 1…
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