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European Market Update: Foreign Buying Helps UK Retail Sales Exceed Expectations

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 18, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    USD continued to remain offered in the aftermath of the release of the FOMC July minutes which scaled back rate hike expectations. GBP/USD moved higher to its best level in over two weeks after July UK retail sales handily exceeded expectations as foreigners took advantage of weak GBP currency to[​IMG]

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