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Cable higher on better than expected Production, will BoE extend the gains?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Over the past 24 hours investors were focused mainly on the UK Pound as we mentioned in our report yesterday and it was a pretty much expected focus point as the Industrial and Manufacturing Production reports were bound to attract attention. The British currency has been sold off aggressively in recent weeks and has been trading in a bearish manner for two weeks without the smallest correction. It is easy to understand then that any piece of good news from the UK domestic economy could spur

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