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GBP/USD: Strong Dollar to keep Cable not far from the 1.2050/2100 support region

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Sterling is trading slightly on the soft side ahead of Thursday's Bank of England (BoE) policy meeting. Economists at ING analyze GBP outlook. EUR/GBP

may struggle to hold gains over 0.8700 We think a 6-3 vote for unchanged rates should not unduly hit the Pound.

However, it seems investors are taking a slightly dimmer view of the GBP. A strong Dollar should probably keep GBP/USD not far from the 1.2050/2100 support region. Soft Eurozone data this week suggests EUR/GBP may struggle to hold gains over 0.8700.

 

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GBP/USD struggles for a firm direction, remains on the defensive around 1.2100 markThe GBP/USD pair continues with its struggle to gain any meaningful traction and oscillates in a multi-day-old trading range, around the 1.2100 mark d
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