Nomura look for further GBP gains after BoE left Bank rate unchanged ...Middle East

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Nomura look for further GBP gains after BoE left Bank rate unchanged
Ladt week the Bank of England left rates unchanged:ForexLive European FX news wrap: BOE hold ratesNomura says GBP could rise even further now: “There appears to be little appetite on the Monetary Policy Committee to rush into rate cuts,” rate-cut expectations appear excessive and are likely to be unwoundthis should benefit sterlingGBP should also catch a tailwind fromimproving global risk appetite many other central banks being likely to cut rates faster than the BOEDaily candles:I stuck in a horizontal line on a 'resistance becoming support' basis. I am certain traders out there could do better t/a than me here - comments welcome! This article was written by Eamonn Sheridan

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