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GBP Plunged More than 160 pips on Super Thursday!

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Will NFP Support Fed’s Hawkish Stance? GBP Plunged More than 160 pips on Super Thursday! A key week for the dollar that gained significant ground against the other major currencies due to the hawkish signals from Fed Chair Janet Yellen. Yellen said that December’s rate hike is possible if the data supports it. This throws all the weight to today’s non-farm payrolls report and we expect to see greater volatility than at the usual NFP releases! If the data beat market expectations, the dollar

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