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Cable stands at the back foot after surprise BoE's dovish turn but key supports still hold - Windsor Blog
Cable is holding within narrow consolidation in early Friday’s trading after Thursday’s fall broke and closed below important Fibo support at 1.2819 and cracked 1.2800 handle, generating negative signal. Sterling was hit by unexpected dovish turn from BoE on MPC’s 7-2 vote that changed the view about possible rate cut. Bears so far lack momentum …