Sell GBPINR; target of : 101.40 : September 26, 2023: ICICI Direct

ICICI Direct, The pound hit fresh six month lows on Monday amid strong dollar and sluggish growth outlook in UK.

September 26, 2023 / 09:44 IST

Rupee

ICICI Direct's currency report on GBPINR

The pound hit fresh six month lows on Monday amid strong dollar and sluggish growth outlook in UK. The pair is expected to slide towards 1.2160 as long as it trades under 1.2260. Only close below 1.2160 would weaken further towards 1.21. GBPINR is expected to move towards 101.20, as long as the pair trades below 102.20.

For all Currency report, click here

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first published: Sep 26, 2023 09:39 am

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