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Forex: EUR/GBP dips to lows on unchanged BoE

FXstreet.com (Barcelona) - As expected, the BoE left intact both the Asset Purchase Programme and the refi rate, at £375 billion and 0.5%, respectively, giving some brief support to the sterling. The cross reacted accordingly, with a brief knee-jerk to print fresh lows around 0.8430 although bouncing soon after to the current area of 0.8440.

EUR/GBP is now losing 0.34% at 0.8437 with the next support at 0.8410 (low May 7) ahead of 0.8400 (low May 6) and finally 0.8398 (low Apr.26).
On the upside, a surpass of 0.8473 (high May 9) would then target 0.8488 (high May 8) en route to 0.8497 (high May 1).

BoE stays on hold in May

The Bank of England's Monetary Policy Committee on Thursday decided to keep the official bank rate at a record low of 0.5% in May, where it has been since March 2009.
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Forex: USD/JPY finds support around 98.60/65

The Japanese yen is depreciating against its American counterpart for the third consecutive session on Thursday so far, dragging the cross to intraday lows around 98.60/65. Subsequent buying interest...
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