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GBP/USD – Pound Dips Below 1.30 As Manufacturing Production Declines

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

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The British pound has dropped below the 1.30 level on Tuesday. Currently, GBP/USD is trading at 1.2970, its lowest level in four weeks. On the release front, British Manufacturing Production declined -0.3%, short of expectations. The UK’s trade deficit soared to GBP 12.4 billion, much worse than expected. There are[​IMG]

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