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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.36438 with take profit at 1.36564.
Bearish Preference:
Sell position is envisaged if price trades below 1.36191 with take profit at 1.36056.
Fundamentals:
1pm GBP Asset Purchase Facility
GBP BOE Monetary Policy Report
GBP MPC Asset Purchase Facility Votes
GBP MPC Official Bank Rate Votes
GBP Monetary Policy Summary
GBP Official Bank Rate
Comment: The dollar rebounded on Thursday, recovering after the Federal Reserve repeated it saw high inflation as transitory while all eyes were on the Bank of England which could become the first major central bank to raise rates since the COVID-19 crisis.
Analysis: SCRUM Team
