GBPINR Trading Range For The Day Is 91.03-91.98.

GBPINR trading range for the day is 91.03-91.98.

GBP recovered before a Bank of England meeting, when the central bank is expected to keep interest rates on hold.

The pound has fallen heavily in recent weeks on expectations the BoE would not, as earlier believed, tighten monetary policy.

Positioning data released late last week shows investors have cut their net long positions in the pound over the past fortnight by the biggest amount since March 2017.

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