The comments made by BoE Chairman Bailley yesterday, indicating that the probability of transition to negative interest has decreased, is to GBP.
It continues to add value against the US dollar.
After Bailley’s statements, the GBP / USD parity, which started a strong upward movement from 1.35 yesterday, rose above 1.37 for the first time since April 2018 with the support of the weakening of the US dollar against major currencies.
Analysts point to 1.3703 and 1.3724 as targets for GBPUSD if the resistance between 1.3655-1.3685 can be sustained. Above here is 1.3773.
Support levels 1.3655 and 1.3610 in retreats
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