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European Market Update: Spain, Portugal Officially Escape Budget Fines

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 9, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    FX markets remained subdued overall with little impetus to move. Numerous analysts remain bearish on GBP currency following dovish commentary from BOE's McCafferty (former hawk) after he reiterated MPC view of more rate cuts on way if economy worsen. GBP/USD holding below the 1.30 level throughout the session.[​IMG]

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