Technical Analysis

BOE is confirming its assets purchase facility gilt sales to go on as planned

Earlier today there were rumblings that the QT sales would be delayed. That was subsequently denied. This confirms the denial.

The GBPUSD is dipping toward the NY sesion low at 1.1279. Below that is the rising 100 hour MA at 1.12517. The low for the day came in at 1.12545.

GBPUSD falls toward the 100 hour MA

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