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GBP/USD: Bears break their fast on Brexit fears

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The theme of today’s European session trade was undoubtedly risk aversion, with every major European equity bourse losing ground, bond yields generally rising, and oil losing another 2+% thus far. As often happens in markets though, the big catalyst for today’s trade is not what most traders were expecting. Heading into today, most market participants were keyed in on today’s US economic data and preparing for the Federal Reserve’s announcement tomorrow. As it turns out though, today’s US

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