GBP/USD hovering at 76.4% Fibo

GBP selling continues after Bank of England joined Brexit scaremongering bandwagon. BOE’s take overshadowed better -than-expected UK retail sales data.

Spot now trades around 1.4056 (76.4% of 1.3835-1.4770).

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NOw the question is whether Cable will drop below 1.3835 before referendum?

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