Bank of England governor Andrew Bailey played down yesterday the notion of negative interest rates to boost growth, saying that there are a lot of issues with them.
The GBPUSD pair hit the main resistance level of 1.3688. In order for the upward movement to gain more power, it needs to break out and stay above 1.3688 on a daily basis. Should this occur, we will see 1.3784 as the next resistance level. Otherwise, the rise may pause, we will follow the support levels 1.3599.
Support : 1.3599 - 1.3517 - 1.3392
Resistance : 1.3688 - 1.3784 - 1.3883
13 Jan 21 (Wed)
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