GBPUSD

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BOE Impact on GBP/USD

If the BOE keeps rates on hold today, it will be taken as a hawkish message by market participants, potentially pushing GBP/USD up in a bullish continuation movement. GBP/USD may rise to 1.34300 and 1.35000.

If the BOE cuts interest rates today, we may see GBP/USD moving down to 1.31000.

So far, GBP/USD remains bullish, and we should wait for the news to determine the next price direction. It is expected to be an aggressive move.

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