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GBP/USD hovers above 1.6100

FXStreet (Córdoba) - GBP/USD managed to regain the 1.6100 level, supported by better sentiment across markets, in spite of dovish comments from a Bank of England member.

BoE MPC member Haldane said that recent developments imply that interest rates could remain lower for longer than he had expected three months ago.

However, risk appetite offset everything else and drove Cable to its highest level in a week at 1.6125. However, GBP/USD lost momentum and pulled back somewhat to currently trade at the 1.6120 area, recording a 0.22% gain Friday.

GBP/USD technical levels

In terms of technical levels, GBP/USD could find next resistances at 1.6125 (intraday high), 1.6156 (20-day SMA) and 1.6180 (Oct 8 high). On the other hand, supports are seen at 1.6028 (intraday low), 1.6000 (psychological level) and 1.5940 (Oct 16 low).

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