GBPINR - Ways2Capital

GBPINR trading range for the day is 91.03-92.48.

GBP dropped sharply after a rise in U.S. Treasury yields helped the greenback resume its recent rally.

Weak economic data and a decision by the Bank of England to hold interest rates and cut its growth projections have confounded sterling bulls in the last month.

BoE’s Carney has expressed caution over the state of the UK economy but said that interest rates are still likely to rise by the end of this year.

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