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GBP/USD Bounces on BoE Decision, But Follow Through Lacking

GBP
  • GBP/USD bounces off the earlier lows on the back of the BoE rate hike, but little change to guidance keeps the decision broadly inline with expectations.
  • The uptick in the pair lacks follow through, with momentum not sustained above the 1.26 handle, turning attention to the press conference with BoE's Bailey in due course.

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