Sell GBPINR; target of : 91.00 : ICICI Direct

Currencies

ICICI Direct, The British pound rebounded off a two-week low on Wednesday as investors cast doubt on the Bank of England’s commitment to ending emergency bond buys as scheduled.

October 13, 2022 / 10:15 AM IST

Representative image

Representative image

ICICI Direct’s currency report on GBPINR

The British pound rebounded off a two-week low on Wednesday as investors cast doubt on the Bank of England’s commitment to ending emergency bond buys as scheduled. However, further upside was restricted by weaker than expected GDP data from Britain.

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13102022 – currency

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