The GBPUSD currency pair, currently at 1.26755, is expected to decrease to the range of 1.2580 to 1.2600, according to ING.
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The Bank of England is set to announce its Interest Rate Decision and release a new Monetary Policy Report (MPR) at 11:00 GMT. Economists at ING analyze how the announcement could impact the British Pound (GBP).
See – BoE Preview: Forecasts from 10 major banks, 25 bps or 50 bps? That is the question
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