Oanda Senior Market Analyst Craig Erlam says the GBP/USD is likely to consolidate in the range of 1.32-1.36. A drop to 1.30 is unlikely unless the BoE ditches the hawkish stance, while a break above 1.36 seems too much as one rate hike (BoE does not change the big picture (UK Brexit uncertainty, yield differential favours USD).
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