In what has been relatively choppy week for FX markets, GBP/USD eked out minor gains of 0.2% (at the time of writing), while EUR/GBP headed towards key multi-month support at 0.8860-70. Back to GBP/USD and for those interested technical levels, the 20DMA resides at 1.3568, in which a close below could mark a double top at 1.37. BOE DOWNPLAYS NEGATIVE RATES: In light of the third national lockdown, negative rates had once again comeback into the spotlight. BoE’s Tenreyro continued to remain in favour of NIRP, noting that theoretically, rates could go to -0.75%. However, with BoE Governor Bailey stating that negative ... (full story)