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Early signs of a cable bottom?

Discussion in 'Technical Analysis' started by ForexLive, Mar 1, 2016.

  1. ForexLive

    ForexLive Forum Member

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    GBP/USD up 40 pips to 1.3956 On the face of it, today isn't an impressive day for cable, it's up modestly after taking a beating throughout February. One detail changes the story. The pound was hit by some bad news today. The February 2016 UK Markit/CIPS manufacturing PMI at 50.8 compared to 52.2 expected.

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