GBPINR trading range for the day is 95.52-96.6.
GBP traded in range amid struggling dollar and growing expectations of a Brexit deal fuelled demand for the British currency.
Unwinding of Bank of England’s asset purchase plan will not have a material impact on the yield curve, if done gradually with proper communication.
Quantitative easing, or QE, affects the yield curve but it does so primarily by affecting expectations of future monetary policy, Vlieghe said in a speech.
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