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European Market Update: Weaker UK Data Sends Sterling To 5 And Half Year Low, Equities Rebound

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 12, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Cable extending its drop to a five-year low, trading below the 1.45 handle, with next support at 1.4229 (May 2010 lows); fall attributed to a much weaker than expected industrial and manufacturing production data USD/CNY has consolidated near its highs of last week's rally, trading up 0.1% on the day[​IMG]

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