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GBP Price Outlook: GBP/USD Downside Beckons Despite Likely UK Rate Hike

GBP PRICE, NEWS AND ANALYSIS: The Bank of England’s monetary policy committee is almost certain to raise UK Bank Rate to 0.25% today from the current 0.10%. However, that 15bps increase has been fully priced in by the markets already and GBP/USD is therefore more likely to weaken than strengthen in response.   RISK TO THE DOWNSIDE FOR GBP/USD GBP/USD is looking fragile around current levels, with a 15 basis point rate increase to 0.25% by the Bank of England’s mo

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