Sell GBPINR; target of : 86.90 : ICICI Direct

Currencies

ICICI Direct, The pound rebounded by about 1.80% yesterday after the Bank of England (BoE) said it would step in to calm the turbulence in the UK government bond market.

September 29, 2022 / 09:40 AM IST

Representative image

Representative image

ICICI Direct’s currency report on GBPINR

The pound rebounded by about 1.80% yesterday after the Bank of England (BoE) said it would step in to calm the turbulence in the UK government bond market. However, further upside was prevented after the International Monetary Fund (IMF) and ratings agency Moody’s reprimanded Britain over its new spending plans.

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29092022 – currency

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