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Dovish Tinges Limit Sterling Bid

GBP

Although the broader GBP is off worst levels of the day it can’t challenge session bests vs. the likes of the EUR & the USD, with the dovish tinges flagged elsewhere (the vote split and wording surrounding inflation protections) the limiting factor for both sterling FX and STIR markets. Familiar technical parameters remain untouched as a result, with GBP crosses holding to narrow ranges in the early rounds of BoE Governor Bailey’s press conference.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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