Libra sterling (GBP) maintains a firm tone. Investors are looking towards this week’s BOE policy decision and hope it will remain in the midst of price trends in the United Kingdom that remain persistent, says Shaun Osborne, head of Strategy of FX of Scotiabank.
GBP is stronger on the day
“A divided decision is possible, but the market assessment is firmly in the non -changes camp in the middle of a clear message of the senior policy responsible for slow and cautious adjustments in politics are probable in the future.”
“GBP has been forming a continuous consolidation just below the level of 1.30 during the last week. The impulse of the Pound up until now suggests that a new test of the maximum of 1,2990 of last week is being developed before a thrust towards the” true “upper part of the range at this time in 1,3035. The support is in 1,2925/30.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
