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    HomeNewsCurrencySell GBPINR; target of : 105.20 : March 22, 2024: ICICI Direct

    Sell GBPINR; target of : 105.20 : March 22, 2024: ICICI Direct

    ICICI Direct, Pound lost almost 1% after BOE kept its benchmark rates on hold as expected. It fell after all the members voted for no hike in interest rates.

    March 22, 2024 / 17:51 IST
    Rupee

    ICICI Direct's currency report on GBPINR

    Pound lost almost 1% after BOE kept its benchmark rates on hold as expected. It fell after all the members voted for no hike in interest rates. The pair is expected to move in the range of 1.2630 and 1.27. Forecast of weakness in retail sales numbers could weigh on the pair, where as improved risk appetite could limit its downside. GBPINR March is likely to move towards 105.20, as long as it trades under 105.70. Only a move below 105.20 it would slip towards 105 level.

    For all recommendations report, click here

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    22032024 - curre

    first published: Mar 22, 2024 12:52 pm

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