Buy GBPINR; target of : 104.80 : November 22, 2023: ICICI Direct

rupee

ICICI Direct's currency report on GBPINR

Pound is likely to move north towards 1.2600 level amid soft dollar and hawkish comments from BOE officials. While, investors will remain cautious ahead of Autumn Statement where British finance minister Jeremy Hunt is scheduled to announce changes to fiscal policy aimed at boosting the stuttering economy. GBPINR is likely to move higher towards 104.80 level as long a it stays above 104.20.

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