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GBP makes a comeback

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    From the UK last week we saw the pound gain back some of the losses incurred against the dollar and euro the week before after the BoE’s change monetary stance. Mixed unemployment data also had an impact as we saw, amongst that, average earnings fall from 3% to 3.2%. There was also a rise in people claiming unemployment benefits, but, unemployment was seen to fall to 5.3% so that helped balance the scales somewhat. This week will be a more tumultuous one for the pound as we’ll see CPI

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