Sell GBPINR; target of : 101.20 : September 27, 2023: ICICI Direct

ICICI Direct's currency report on GBPINR

The pound lost more than 0 .40 % yesterday amid strong dollar and sluggish growth outlook in UK. The falling expectation of rate hike in UK would weigh on the pound . The pair is expected to slide towards 1 .2060 as long as it trades under 1 .22 . GBPINR is expected to move towards 100 .70 , as long as the pair trades below 101 .80.

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