Pound fell for the first time in more than a week on speculation the Bank of England will trim borrowing costs to combat a recession.
Tech view feb 02
GBP R1: 1.4580 S1: 1. 4300
R2: 1.4600 S2: 1. 4290
chart pattern shows a bull trend for the day. Trading range is expected between 14310-1.4550 levels for the day. Currency is trading above the moving average and Momentum and stochastic are seen trending up giving bullish outlook
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