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Pill Retains Two-Way Policy Risk, But GBP Unmoved

GBP
  • Reuters cite BoE Chief Economist as saying he is still undecided over how he will vote in December, adding that it does matter if markets misunderstand the BoE, but perhaps less than markets think.
  • Pill so far having little impact on GBP - but again retaining some of the two-way risk for policy headed into December's meeting. GBP/USD well off the day's lows, with 1.3397 the first support and 1.3514 the next upside level

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