Buy GBPINR; target of : 104.70 : November 24, 2023: ICICI Direct

ICICI Direct's currency report on GBPINR

Pound is likely to move further north towards 1 .2600 level amid soft dollar and surge in UK bond yields. Further, sterling may go higher as data showed British companies returned to growth in November, fueling hopes Britain will avoid a recession . GBPINR is likely to move higher towards 104 .70 level as long a it stays above 104 .10.

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