GBPINR - Ways2Capital

GBPINR trading range for the day is 90.87-92.14.

GBP gained after a survey showing Britain’s dominant services industry gained momentum last month fuelled expectations of a Bank of England interest rate rise this summer.

Markets are pricing in an 88 percent chance of a single 25-basis-point increase by the end of 2018 and a 53-percent chance of an August rate rise.

The IHS Markit/CIPS services Purchasing Managers’ Index (PMI) unexpectedly rose to an eight-month high of 55.1 in June, beating average forecast.

SELL GBPINR JUL 2018 @ 91.30 SL 91.65 TGT 90.95-90.56. NSE

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