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GBP/USD – Currency Bears in Charge

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 23, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Earlier today, official data showed that the U.K. rate of consumer price inflation increased by 0.3% in Feb, missing analysts’ forecasts. Additionally, although month-over-month consumer prices rose by 0.2% in the previous month, the data disappointed market participants, which pushed GBP/USD under 1.4300. How low could the pair go in the coming days? In our opinion, the following forex trading positions are justified – summary: EUR/USD: short (stop-loss order at 1.1512; initial downside

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