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Cable Extends Recovery On Upbeat UK Data

Discussion in 'Technical Analysis' started by Kaitlin, Sep 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pound hit fresh one-month high on strong bullish acceleration after upbeat UK Services PMI data. Today’s release comes as extension of stronger-than-expected economic data from UK that boosted the pound diminished fears of widely expected strong negative impact on Brexit vote. Cable enters the fourth consecutive day of rallies[​IMG]

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