The Pound rallied versus the Euro as traders pushed back expectations for when the Bank of England might cut borrowing costs to the end of the year, after Governor Andrew Bailey said there were a lot of issues with negative rates.
The EURGBP pair dropped to the 0.8893 main level. However, as long as the pair stays above 0.8893 on a daily basis, we will see the resistance level at 0.8950. On the other hand, if the price drops below 0.8950, the next support level will be at 0.8846.
Support : 0.8893 - 0.8846 - 0.8796
Resistance : 0.8950 - 0.8891 - 0.9026
13 Jan 21 (Wed)
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