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Daily Market Analysis 29.11.2023: GBPCAD

Instrument: GBPCAD

Bullish Preference: 
Buy position is envisaged if price trades above 1.72649 with take profit at 1.172838.
Bearish Preference: 
Sell position is envisaged if price trades  below 1.72331 with take profit at 1.72159.
Fundamentals:
4:05pm
GBP BOE Gov Bailey Speaks

Comment: 
There are reports that inflationary pressures remain in the UK labor market and there was no way to cut interest rates from their 15-year high any time soon. We currently expect the BOE Governor’s speech by 4pm.

Analysis: SCRUM Team

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