BOE's McCafferty talking to the Daily Post 4 July
- raising rates would be justified, prudent
GBP gets a small lift from repeated views of McCafferty.
GBPUSD 1.2948 from 1.2932 after earlier 1.2923 lows.
The 1.2920 area is quite key to further drops and a level I've been highlighting for a while now as the next decent support line after 1.2950
Expect sell interest between 1.2050-60 and more at 1.2980
