Downside Targets remain intact for GBP/USD...

Sterling has survived the potential loss of a round number, at 1.3900 briefly with some assistance from quite unexpected remarks from BoE Governor Bailey just days before Thursday’s MPC event. Data coming out this evening at 8:30pm GMT . Cable is now circa 1.3930, but the Pound more perky vs the Euro eyeing stops on a break of 0.8550 again vs a high of 0.8589 at one stage.

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