GBPINR - Ways2Capital

GBPINR trading range for the day is 91.1-91.8.

GBP remained supported though investors were wary of pushing it higher before data that may raise hopes of an interest rate hike in August and rising political uncertainty.

Boris Johnson followed Brexit minister David Davis in resigning in opposition to May’s hard-fought blueprint for how Britain is to structure its relationship with EU.

Recent improvement in economic data and upbeat comments from BOE Governor Carney has lifted expectations of an August rate hike to more than 70 percent.

SELL GBPINR JUL 2018 @ 91.00 SL 91.45 TGT 90.72-90.45. NSE

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