Monday, March 20, 2017

GBPINR Intraday Outlook : 21.3.2017

GBPINR Intraday Outlook : 21.3.2017
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE

Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040

Sterling has rallied over the last day following the unexpected dissention in favour of hiking the repo rate by 25bp by MPC member Forbes at the BoE's March policy meeting, and hawkish twist on inflation risks in the minutes. The fact that Forbes will be stepping down in June was overlooked by markets. Sterling has been quite volatile lately, making regular appearances both at the bottom and at the top of the day's winners and losers tables. More of the same looks likely going into the Brexit negotiation phase. Cable logged a 16-day peak at 1.2377 in the wake of the BoE announcement, rallying from levels in the mid 1.22s. Not much of data is lined up for the day in the UK today.
Posted by