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GBP/USD lower thanks to BoE hinting
Cable’s downward move has been helped along by fresh hints that more easing will be on the way from the Bank of England. As yesterday, we still wait to see if the pair can head back to $1.28, the lows from the beginning of July.
Below here would still point towards the $1.25 level from the mid-1980s. A bounce has to get back above $1.31 and then head towards the August peak just below $1.34.